Top 5 Stocks in Focus Today: Arvind, TCS

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Top stocks in focus today

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Tata Consultancy Services: Cyrus Mistry made certain unsubstantiated allegations, which cast aspersions on Tata Sons Ltd and its board and “the Tata group as a whole”, Tata Sons said in an explanatory statement to its notice calling a meeting of shareholders in Tata Consultancy Services Ltd.  
Arvind Ltd: Textiles and branded apparel major Arvind Ltd has raised Rs 740 crore by diluting stake in subsidiary Arvind Fashions Ltd. The company has completed the transaction and raised the amount from Multiples, a private equity firm.  
Wipro: The company announced that it has been selected as a member of the global Dow Jones Sustainability Index (DJSI) - 2016 for the seventh year in succession. Wipro is included in both the DJSI World and Emerging Markets Indices.
Mahindra & Mahindra: M&M opened its Rs1.50bn spare parts warehouse in Jaipur to cater to customers in north and north western regions of the country for both automotive and tractor spare parts. 
Reliance Infrastructure: RInfra has won an EPC order for Rs 36.75 bn from NLC India Limited for setting up two lignite based CFBC thermal power projects with a capacity of 250MW each.

Top 5 stocks in focus today: HDFC, Punjab National Bank, India Cements

Check out the companies which will be in focus during trade today based on recent and latest news developments. 

Top stocks in focus today

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Punjab National Bank: The bank has cut interest rate on fixed deposits by up to 0.25% in line with competition.  

HDFC, Unitech: With Unitech defaulting on loan repayment, housing finance major HDFC said it has sold the realty firm's outstanding loan of Rs 869 crore to JM Financial Asset Reconstruction Company (JMFARC).  
Reliance Capital: Reliance Capital is planning to raise up to Rs 3,500 crore through non-convertible debentures (NCDs). 

Infosys: Infosys has invested Rs 145 mn in a start-up UNSILO. The investment is done through Infosys innovation fund.  

India Cements: India Cements reported a 62% jump in standalone net profit at Rs 62 crore for the quarter ended September 30, 2016. It had posted a net profit of Rs 38.5 crore in the year-ago period.

Today's Intraday Stock Market Update

The market has opened lower Friday. The Sensex is down 59.70 points or 0.2 percent at 25730.52, and the Nifty is down 35.30 points or 0.4 percent at 7865.10. About 247 shares have advanced, 292 shares declined, and 46 shares are unchanged. For More Information Visit

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    Tata Motors, Wipro, Bajaj Auto, Asian Paints and HUL are top gainers while Dr Reddy's Labs, Tata Steel, BHEL, NTPC and L&T are losers in the Sensex.

      The Indian rupee slipped in the early trade. It has opened lower by 16 paise at 66.78 per dollar against previous close of 66.62.

      Ashutosh Raina of HDFC Bank said, "The global risk-off coupled with weak IIP and CPI numbers are expected to weigh on Indian markets."      The dollar gained against the yen after Japan's Central Bank governor said there was more room to ease monetary policy if needed.        Yen fell to a two week low pressured by speculation that the Bank Of Japan could expand its monetary stimulus as soon as next month.

Today's Intraday Tips By CapitalHeight

The market has opened on positive note Thursday as the Sensex is up 103.90 points at 25700.92, and the Nifty is up 25.05 points at 7873.90. About 487 shares have advanced, 129 shares declined, and 32 shares are unchanged. For More Information Visit www.capitalheight.com/about.php

ICICI Bank, L&T, BHEL, Cipla Dr Reddy's Lab are the top gainers while HDFC Bank, HUL anf Infosys are the top losers.
Asian markets trading lower on Thursday, after US stocks dropped in reaction to disappointing earnings reports from key consumer discretionary and retail names.
The Indian rupee opened marginally weak at 66.63 per dollar on Thursday against previous close of 66.56.
US stocks dropped on Wednesday and the Dow Jones industrial average suffered its worst day since February as feeble quarterly reports from Walt Disney, Macy's and Fossil undermined confidence across the consumer sector.
  The dollar fell against a currency basket for the first time in seven days, as investors consolidated gains and booked profits on a day with no major US economic data and weak global cues.

Rs. 65K cr wiped out from Sensex firms in 1st week of May

The stock market barometer, BSE Sensex, declined 1.47% for the week ended May 6, 2016. It had risen 1.04% in April 2016. Currently, the total Mcap of Sensex heavyweights stands at Rs. 42,66,693.87 crore, which is 44.55% of total market cap of all BSE-listed firms (Rs. 95,75,595 crore).
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Amidst an apparently weakening post budget rally due to weak overseas cues and subdued corporate earnings for Q4 FY16, the Sensex firms have lost Rs. 65,448.20 crore to their market capitalization (Mcap) in the first week of May.
         The stock market barometer, BSE Sensex, declined 1.47% for the week ended May 6, 2016. It had risen 1.04% in April 2016. Currently, the total Mcap of Sensex heavyweights stands at Rs. 42,66,693.87 crore, which is 44.55% of total market cap of all BSE-listed firms (Rs. 95,75,595 crore).
       Firms like RIL, Infosys and TCS have seen their mcap eroding despite impressive Q4 numbers. Despite a record Q4 performance, the Mukesh Ambani-led Reliance Industries saw its Mcap plummeting by Rs. 6,953.91 crore in first trading week of the current month. With the total mcap standing at Rs. 3,11,429.15 crore, RIL is the second largest firm on BSE in terms of Mcap.

           In May so far, total 23 Sensex firms saw seen their mcap nosediving. Among the losers, ICICI Bank, APSEZ and ONGC have seen their Mcap eroding by Rs. 10,720.55 crore, Rs. 9,003.22 crore and Rs. 8,213.27 crore respectively.

        Despite dominated by increasing volatility in the wake of poor overseas cues, Indian equity markets witnessed renewed buying by the mutual funds. The MFs pumped in Rs. 240.90 crore in equities as of May 4, as per the Sebi data. However, they off-load to the tune of Rs. 791 crore in debt segment. However, the foreign institutional investors were found booking profits as their net outflows stood at Rs. 773.62 crore in the first week of May. 

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The market has opened lower on April Future & Options expiry day as global cues weigh on India. The Sensex is down 20.47 points at 26043.65 and the Nifty is down 11.45 points at 7968.45. About 292 shares have advanced, 163 shares declined, and 35 shares are unchanged.

Bharti Airtel, Cipla, ONGC, Sun Pharma and Coal India are top gainers in the Sensex while Maruti, Infosys, ITC, HDFC and Reliance are losers.

The Indian rupee has opened at 66.39 per dollar up 0.13.

The central bank maintained its negative 0.1 percent deposit rate and its 80 trillion yen base money target.
Federal Reserve kept its benchmark interest rate unchanged citing slower growth in the US economy even as the labor market strengthens. The Fed stuck to its stance that US monetary policy will tighten only gradually and gave no hint as to whether it could lift the short-term federal funds rate at its next meeting in June.