Sensex, Nifty flat; BHEL climbs 4%, ICICI & ITC laggards

 Best Advisory Company | Equity Market Tips

 Sovereign Gold Bonds: The Reserve Bank said it has issued five tranches of Sovereign Gold Bonds (SGB) for a total value of Rs 3,060 crore till date.

     Investors in these bonds have been provided with the option of holding them in physical or dematerialised form.

     “The requests for dematerialisation have largely been processed successfully. A set of records, however, could not be processed for various reasons such as mismatches in names and PAN numbers, inactive or closed demat accounts, besides other reasons,” the central bank said in a statement.

     RBI issued the bonds in consultation with the government.

Best Advisory Company

Best Advisory Company

FII view: Barring autos, high-frequency data doesn’t show any uptick, Mahesh Nandurkar of CLSA says, adding an analysis of more than 40 high frequency indicators reveals that economic recovery isn’t visible as yet.

     He feels the positive impact of an early Diwali was largely offset by an extended monsoon.

He says autos is the only sub-segment where data has improved substantially in the past three months. Several other indicators such as cement, power, commercial vehicles and rail freight remain weak in low single digits/decline.

Market check: The Sensex is down 3.13 points at 28047.75, and the Nifty is down 3.40 points at 8674.50. About 840 shares have advanced, 332 shares declined, and 53 shares are unchanged.

     BHEL is up over 4 percent while GAIL, Sun Pharma, Lupin and Wipro are gainers. ICICI Bank, ITC, Tata Motors, Bharti Airtel and Adani Ports are top losers in the Sensex.

 If you want to more information regarding the Stock Market TipsFree Stock Cash Tips, Free Stock Cash Tips, Free Stock Future Tips, Nifty Future Premium Tips, Bullion Market Tips  call @ +91-7415033556or fill form

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s