Use correction to go long on Nifty; RIL, Quess Corp can return 6-11%

Any close above 11,700 levels would result in further short covering which might push the Nifty to even 12,000 levels in coming months

Nifty, after taking support from the gap created on September 23, recovered more than 80 points from the low to close with the losses of 38 points at 11,474 levels on September 30. Though the Nifty has fallen nearly 300 points from the recent high to a low of 11,390 levels, the primary trends is still intact as it is still trading above its 200-day SMA. Oscillators and momentum Indicators like RSI and MACD have been showing strength on the daily and weekly charts for the Nifty and Bank Nifty.

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Top buy and sell ideas by Rajat Bose, Mitessh Thakkar, Prakash Gaba for short term

Prakash Gaba of prakashgaba.com recommends buying Castrol India with target at Rs 145 and stop loss at Rs 134 and ITC with target at Rs 270 and stop loss at Rs 255.

The Sensex closed with a loss of 155 points, or 0.40 percent, at 38,667.33, with 13 stocks in the green and 17 in the red on September 30. The Nifty pack closed 38 points, or 0.33 percent, lower at 11,474.45, with 22 stocks up and 28 down.

The broader markets suffered more than the frontline indices. BSE Midcap and Smallcap indices declined 1.13 percent and 1.21 percent, respectively, underperforming BSE Sensex.

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Market may trade sideways between 11,400 and 11,700 levels, buy on dips

Traders are advised to keep a tab of all the above mentioned levels and should focus on individual stocks that are likely to provide better trading opportunities

The market took a giant leap after Finance Minister Nirmala Sitharaman’s slashed corporate taxes. All of a sudden, the tide turned upwards and before anyone could realise, the Nifty was well above 11,200 levels. Since it was predominantly a short squeezing move, the market was not done with such a sharp one day spurt. We had a good bump up on September 23 to kick-start the week on a strong note.

Participants were so ecstatic; the Nifty went on to almost kiss the 11,700 mark in the initial euphoric move. However, this seemed to be an overreaction and hence, throughout the remaining part of the week, market consolidated in a slender range to eventually conclude a tad above 11,500 levels.

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Top buy and sell ideas by Rajat Bose, Mitessh Thakkar, Prakash Gaba for short term

Prakash Gaba of prakashgaba.com recommends buying Berger Paints with target at Rs 450 and stop loss at Rs 430 and Bata India with target at Rs 1800 and stop loss at Rs 1721.

Indian market ended in the red on September 27, tracking weakness in other Asian markets. The 30-share Sensex closed the day with a loss of 167 points, or 0.43 percent, at 38,822.57, with 20 stocks in the red, while the Nifty50 finished 59 points, or 0.51 percent, lower at 11,512.40. Among the 50 stocks in the index, 39 suffered losses.

Experts are of the view that the market may see some consolidation due to sharp gains during the previous week. The Nifty50 has begun the consolidation phase after a massive rally. All short-term indicators have moved to overbought levels which cap the upside for the time being.

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Modi tells U.N. India launching campaign to stamp out single-use plastic

 Prime Minister Narendra Modi told the annual gathering of world leaders at the United Nations on Friday that India was launching a campaign to stamp out the use of single-use plastics.

"Even as I am addressing you today a very large campaign is being started across the entire country to make India free of single use plastic," Modi, who wants to scrap such plastics by 2022, told the 193-member U.N. General Assembly.

Officials told Reuters last month that India is set to impose a nationwide ban on plastic bags, cups and straws on Oct. 2.

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Wall Street drops; White House considers delisting Chinese companies

 U.S. stocks fell on Friday after reports that the Trump administration was considering delisting Chinese companies from U.S. stock exchanges, raising worries about a further escalation in the U.S.-China trade war.

The move would be part of a broader effort to limit U.S. investment in Chinese companies, sources told Reuters.

High-level trade talks between Washington and Beijing are scheduled for Oct. 10-11, before the start of the U.S. third-quarter earnings season.

"If our policies spark a major sell-off in Shanghai where that creates problems for China, that could negatively impact the trade negotiations, which are supposed to start on Oct. 10. That is where the U.S.-based fear would come from," said Michael O'Rourke, chief market strategist at JonesTrading in Greenwich, Connecticut.

The tariff-sensitive Philadelphia semiconductor index extended its decline after the reports and ended down 2.4% on the day. The index was already under pressure from Micron Technology Inc's , which tumbled after it forecast a disappointing first-quarter profit.

The S&P technology index  dropped 1.3%. U.S.-listed shares of Alibaba Group Holding Ltd , Baidu Inc and JD.com Inc all slid.

Adding to the negative momentum in afternoon trade, the S&P 500 index briefly fell below its 50-day moving average.

The Dow Jones Industrial Average fell 70.87 points, or 0.26%, to 26,820.25, the S&P 500 lost 15.83 points, or 0.53%, to 2,961.79 and the Nasdaq Composite dropped 91.03 points, or 1.13%, to 7,939.63.

All three indexes ended lower for the week as well, with the S&P 500 and Nasdaq registering their biggest weekly percentage drops since August. The Cboe volatility index ended at a three-week high.

Shares of Wells Fargo & Co <WFC.N> rose 3.8% and the stock was the top gainer in the S&P 500 after the lender named banking veteran Charles Scharf as chief executive officer.

Data early in the day showed U.S. consumer spending barely rose in August, suggesting that the economy's main growth engine was slowing after accelerating sharply in the second quarter.

Declining issues outnumbered advancing ones on the NYSE by a 1.38-to-1 ratio; on Nasdaq, a 1.94-to-1 ratio favoured decliners.

The S&P 500 posted 11 new 52-week highs and 6 new lows; the Nasdaq Composite recorded 29 new highs and 118 new lows.

Volume on U.S. exchanges was 6.68 billion shares, compared to the 7.2 billion average for the full session over the last 20 trading days.

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लक्ष्मी विलास बैंक, यस बैंक, रिलायंस कैपिटल, अदाणी एंटरप्राइजेज और टाटा पावर

खबरों के कारण जो शेयर आज नजर में रहेंगे उनमें लक्ष्मी विलास बैंक, यस बैंक, रिलायंस कैपिटल, अदाणी एंटरप्राइजेज और टाटा पावर शामिल हैं।

लक्ष्मी विलास बैंक - आर्थिक अपराध शाखा, दिल्ली ने रेलिगेयर फिनवेस की शिकायत पर कंपनी के निदेशकों के खिलाफ एफआईआर दर्ज की।
यस बैंक - यस कैपिटल, प्रमोटर ग्रुप का हिस्सा, ने बैंक में 1.8% शेयरधारिता बेची।
आईटीआई - कंपनी ने केंद्रीय और राज्य सरकार की संस्थाओं, बैंकों, सार्वजनिक क्षेत्र के उपक्रमों, छोटे और मध्यम उद्यमों और स्टार्टअप्स के लिए अपनी क्लाउड सेवाओं और समाधान प्लेटफॉर्म का शुभारंभ किया।
रुचिरा पेपर्स - कंपनी ने वित्त वर्ष 2018-19 के लिए 2.25 रुपये प्रति शेयर के लाभांश का ऐलान किया।
यूनिटेक - कंपनी को नोएडा प्राधिरकरण से कारण बताओ नोटिस मिला।
जीई टीऐंडडी इंडिया - कंपनी ने सुशील कुमार को मुख्य वित्तीय अधिकारी नियुक्त किया।
रिलायंस कैपिटल - ब्रिकवर्क ने सुरक्षित एनसीडी प्रोग्राम, बाजार से जुड़े डिबेंचर और कंपनी के अधीनस्थ ऋण के लिए रेटिंग घटा कर बीडब्ल्यूआर डी कर दी।
अदाणी एंटरप्राइजेज - कंपनी ने नयी सहायक कंपनी स्थापित की।
श्रीराम सिटी यूनियन फाइनेंस - श्रीराम हाउसिंग फाइनेंस ने गौरी शंकर अग्रवाल को सीएफओ नियुक्त किया।
टाटा पावर - कंपनी को 105 मेगावाट का फ्लोटिंग सोलर प्रोजेक्ट मिला।

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Top buy and sell ideas by Rajat Bose, Mitessh Thakkar, Prakash Gaba for short term

Rajat Bose of rajatkbose.com recommends buying Bajaj Finance with stop loss below Rs 3968 for target of Rs 4070 and Rs 4087 and Tata Steel with stop loss below Rs 373 for target of Rs 387.

Nifty ended September series with a gain of nearly 6 percent, forming a bullish candle after forming red candles in the last three consecutive expiries, which indicates that bulls are trying to take charge from the lower end.

Investor sentiment was boosted by positive comments from China on a trade deal with the United States. As per Reuters, the Chinese commerce ministry said Beijing is in close communication with Washington and is preparing to make progress at trade talks in October.

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Nifty may head towards 11,900-12,000; buy on dips

For the markets to extend the recent euphoria, the Nifty will have to clear the 11,700-mark.

After a stellar rally of more than 9 percent in just two trading sessions, the domestic markets took a breather during the past few sessions. Nifty spot has been oscillating in the range of 11,700–11,400. On the upside, the index is facing headwinds near the 11,700 mark since we have a cluster of resistances there.

The first one is the downward sloping trend line formed by joining the peaks of 12,103 and 11,982. Next is the lower trend line of the Andrew’s Pitchfork tool formed by joining the points like 9,951, 11,760 and 10,004 whereas 11,694 is the 78.6 percent retracement level of fall from 11,982 to 10,637.

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अमेरिका-चीन व्यापार प्रगति के संकेतों से एशियाई बाजारों में मजबूती

अमेरिका-चीन व्यापार प्रगति के संकेतों से गुरुवार को एशियाई बाजारों में मजबूती देखने को मिल रही है।

साथ ही राष्ट्रपति डोनाल्ड ट्रम्प पर महाभियोग को लेकर निवेशकों में चिंता कम हुई है। ट्रम्प पर आरोप है कि उन्होंने यूक्रेन के राष्ट्रपति से कहा था कि अमेरिका उनकी मदद इस शर्त पर करेगा कि वह उनके राजनीतिक प्रतिद्वंद्वी जो. बाइडेन के खिलाफ जाँच करे। इन आरोपों के चलते डेमोक्रेट्स ने ट्रम्प पर महाभियोग चलाने की प्रक्रिया शुरू कर दी।
भारतीय समय के अनुसार करीब पौने 9 बजे जापान का निक्केई (Nikkei) 49.13 अंक या 0.22% की वृद्धि के साथ 22,069.28 पर है। दूसरी ओर हॉन्ग-कॉन्ग का हैंग-सेंग (Hang Seng) 56.82 अंक या 0.22% की बढ़ोतरी के साथ 26,002.17 पर है। वहीं चीन का शंघाई कंपोजिट (Shanghai Composite) 0.13% और सिंगापुर का स्ट्रेट्स टाइम्स (Straits Times) 0.05% की गिरावट दिखा रहा है।
इसके अलावा दक्षिण कोरिया के कॉस्पी (Kospi) में 0.40% और ताइवान का ताइवान वेटेड (Taiwan Weighted) में 0.22% की वृद्धि है। 

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DHFL, Cipla, GSK Pharma, Sterlite Tech, Future Enterprises, CG Power, SRF

DHFL | Cipla | GlaxoSmithKline Pharma | Adani Enterprises | Future Enterprises and Sterlite Technologies are among stocks which are in news today.

DHFL: The company defaulted in interest and principal payment on NCDs due on September 20.

Cipla: The company has launched Daptomycin for Injection, AP-rated generic equivalent of Cubicin for Injection in the United States.

GlaxoSmithKline Pharmaceuticals: Regulatory authorities have detected genotoxic nitrosamine NOMA in ranitidine products.

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Top buy and sell ideas by Sudarshan Sukhani, Mitessh Thakkar, Prakash Gaba for short term

Sudarshan Sukhani of s2analytics.com recommends buying ICICI Prudential Life Insurance with stop loss at Rs 425 and target of Rs 455 and GAIL India with stop loss at Rs 132 and target of Rs 142.

Sensex broke the winning streak of the last three consecutive sessions, falling 504 points, or 1.29 percent, to 38,593.52. Only six stocks in the 30- share pack managed to settle in the green.

The Nifty index fell for the second consecutive day, ending the day at 11,440.20, down 148 points or 1.28 percent. This was the second biggest single-day fall this month for the index. Among the 50 stocks in the index, 37 suffered losses.

The overall market capitalisation of BSE-listed firms dropped to Rs 1.47 lakh crore from Rs 1.49 lakh crore in the previous session, making investors poorer by about Rs 2 lakh crore in a single day. Nifty closed well below 11,500 level and formed bearish belt hold pattern on daily charts.

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आईटीसी खरीदें और आरईसी बेचें : आईसीआईसीआई डायरेक्ट

आईसीआईसीआई डायरेक्ट (ICICI Direct) ने आज बुधवार के कारोबार में आईटीसी (ITC) में खरीदारी और आरईसी (REC) में बिकवाली की सलाह दी है।

- आईटीसी (256.5) सितंबर फ्यूचर को 258.00-258.50 रुपये के बीच खरीदें

- पहला लक्ष्य : 260.8 रुपये, दूसरा लक्ष्य : 264.5 रुपये

- घाटा काटने का स्तर (स्टॉप लॉस) : 255.8 रुपये

- आरईसी : (129.5) सितंबर फ्यूचर को 127.50-128.00 रुपये के बीच बेचें

- पहला लक्ष्य : 126.8 रुपये, दूसरा लक्ष्य : 125.3 रुपये

- घाटा काटने का स्तर : 128.8 रुपये

ध्यान रखें कि ब्रोकिंग फर्म की यह सलाह एकदिनी वायदा कारोबार के लिए है।

स्पष्टीकरण: इन शेयरों में ब्रोकिंग फर्म या उसके ग्राहकों के हित जुड़े हो सकते हैं।

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Midcap stocks bounce back, but earnings recovery will take time

After a long hiatus, a recovery in the Nifty Midcap-100 has come as a welcome relief. The index rose about 6% in the last two days, mirroring similar gains in the bellwether Nifty 50.

Tax cuts will shore up earnings, and this has raised expectations for mid-caps as well. However, demand revival has been elusive, and that will delay earnings recovery for mid-cap firms. “Earnings growth will be better than what the Street expected because of the tax cut. But demand uptick could take time, which will happen in the fourth quarter. But we should get disappointed if this quarter’s earnings are not going to be good," said Rusmik Oza, head of research, retail clients, Kotak Securities.

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Top buy and sell ideas by Sudarshan Sukhani, Mitessh Thakkar, Jai Bala for short term

Sudarshan Sukhani of s2analytics.com suggests buying Tata Elsxi with stop loss at Rs 670 and target of Rs 710 and Balkrishna Industries with stop loss at Rs 770 and target of Rs 840.

Indian equity benchmarks ended flat on September 24, mostly on profit-booking, amid uninspiring global cues, while investors assessed the impact of tax rate cut on different stocks and sectors after a two-day blockbuster rally.

The rally in equities ebbed after the two consecutive sessions of gains which saw Sensex and Nifty surging over 8 percent and investors getting richer by over Rs 10 lakh crore. While some consolidation was expected as the market is trading near peak valuations, analysts are of the view that it will offer fresh buying opportunities.

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Kaveri Seed, RPP Infra, Aurobindo Pharma, Morepen Labs, Indiabulls Housing

Indiabulls Housing Finance | SBI | Kaveri Seed Company | Munjal Auto | RPP Infra | Rane Engine Valve | Bodal Chemicals and Aster DM Healthcare are among stocks which are in news today.

Aurobindo Pharma - SEBI passes adjudication order against company and promoters

RPP Infra Projects: The company has bagged new order worth Rs 414 crore in Myanmar.

Morepen Labs - SEBI prohibits company from accessing security market for 1 year.

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Sensex, Nifty log biggest 2-day gain; here are 6 stocks that can return 8-84%

Here are the top six brokerage picks that can return 8-84 percent in short to medium term.

Benchmark indices continued their bull run for second straight session in a row on September 23 after Finance Minister Nirmala Sitharaman slashed corporate tax on Friday. The latest string of measures by the government has helped indices post their biggest two-day gain with major support coming from bank, FMCG, infra and auto stocks. The rally was also seen in the broader markets as BSE Midcap outperformed indices rising 3.08 percent, while BSE Smallcap closed the day with a gain of 2.73 percent. 

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Top buy and sell ideas by Rajat Bose, Sudarshan Sukhani, Mitessh Thakkar for short term

Sudarshan Sukhani of s2analytics.com recommends buying Indraprastha Gas with stop loss at Rs 350 and target of Rs 365 and SRF with stop loss at Rs 2850 and target of Rs 3200.

Indian market remained in positive territory for the second consecutive session on September 23 as investors continued their buying spree in the wake of government's decision to slash corporate tax rate.

Sensex closed the day with a robust gain of 1,075 points or 2.83 percent at 39,090.03, with 16 stocks in the green and 14 in the red. The Nifty index jumped 326 points or 2.89 percent to settle at 11,600.20. Among the 50 stocks in the index, 32 logged gains.The strong gains of the last two sessions have made investors richer by Rs 10.35 lakh crore as the cumulative market capitalisation of BSE listed firms has jumped to Rs 1,48,89,652.44 crore from Rs 1,38,54,439.41 crore on September 19. On September 23 alone, investors' wealth increased by Rs 3.52 lakh crore.

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Biocon, Petronet LNG, Hero Moto, Alkem Lab, PNB, Cipla, Torrent Pharma

Petronet LNG | Hero MotoCorp | Torrent Pharmaceuticals| Reliance Capital | HEG | PNB and Canara Bank are among stocks which are in news today.

Petronet LNG: India's biggest liquefied natural gas importer, Petronet LNG, has signed a preliminary deal to buy a stake in Tellurian Inc's proposed Driftwood project in Louisiana and import 5 million tonnes a year of LNG.

Torrent Pharmaceuticals: The drug firm is expanding its voluntary recall for tablets used to control hypertension in the US due to the detection of traces of N-Methylnitrosobutyric acid, according to health regulator USFDA.

Cipla: Gets EIR from US FDA for co's API manufacturing unit in Virgonagar

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Top buy and sell ideas by Sudarshan Sukhani, Mitessh Thakkar, Prakash Gaba for short term

Mitessh Thakkar of mitesshthakkar.com recommends buying Voltas with a stop loss of Rs 654 and target of Rs 695, JSW Steel with a stop loss of Rs 233 and target of Rs 250 and Larsen & Toubro with a stop loss of Rs 1394 and target of Rs 1450.

Benchmark stock indices Sensex and Nifty suffered strong losses on September 19 due to widespread selling across sectors as the concerns over rising geopolitical tension, crude oil prices and the deteriorating macroeconomic environment continued to keep the risk appetite of investors low.

Moreover, uncertainty over US Fed's future rates trajectory added to investors anxiety. On the technical charts, the market breached crucial support at 10,800, seen as a reason for a steep fall.

The Nifty index closed at 10,704.80, down 136 points, or 1.25 percent, with 7 stocks in the green and 43 in the red. The index managed to hold 10,700-mark but ended at its lowest level since February 19.

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Yes Bank, PNB, Bharat Forge, Reliance Power, JSW Steel, Adani Transmission

Axis Bank | Yes Bank | Reliance Power | Thyrocare Technologies | Lincoln Pharmaceuticals | Morepen Laboratories | and PNB are among stocks which are in news today.

DHFL: The company has got proposal from a developer to act as development managers in certain projects including

Yes Bank: Morgan Credits, part of the promoter group of the company, sold 2.3 percent shareholding In the bank.

projects taken under slum rehabilitation scheme.

HDFC - Scheme of amalgamation between Gruh and Bandhan bank is now subject to approval of NCLT Kolkata

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Top buy and sell ideas by Sudarshan Sukhani, Mitessh Thakkar, Prakash Gaba for short term

Sudarshan Sukhani of s2analytics.com recommends buying Tata Power with stop loss at Rs 63 and target of Rs 66 and Godrej Consumer with stop loss at Rs 630 and target of Rs 695.

Benchmark indices Sensex and Nifty snapped a two-day losing streak and ended with healthy gains on September 18 ahead of the outcome of the US Fed meeting. Rupee's healthy gain against the US dollar and easing global crude oil prices gave a leg up to investor sentiment. The Indian currency jumped 55 paise to end at 71.23 per dollar on September 18.

The Sensex index closed 83 points, or 0.23 percent, higher at 36,563.88, with 18 stocks in the green and 12 in the red. BSE Midcap and Smallcap indices outperformed Sensex, closing 0.39 percent and 0.30 percent higher, respectively.

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Stocks in the news: NALCO, Reliance Comm, NTCP, Laurus Labs, Tata Comm, RITES, Madhav Infra

Central Bank of India | Tata Communications | NALCO | RITES | NTPC and OBC are among stocks which are in news today.

Central Bank of India: ICRA has reaffirmed "ICRA A+" rating with 'negative' outlook on lower tier-II bonds of the bank. On upper tier-II bonds, ICRA assigned "ICRA A-" with a negative outlook.

Reliance Communications - Global Cloud Xchange (GCX) announces plan to secure financial future

GCX initiates voluntary case under Chapter 11 of the United States Bankruptcy Code to effectuate the plan

Tata Communications: The company and Cisco partner to create a fully managed contact centre solution for enhanced customer experience.

NALCO: The company has announced a record 115 percent dividend amounting to Rs 1,072.73 crore for 2018-19, which works out to Rs 5.75 per equity share of Rs 5 each.

Mahindra CIE Automotive: Credit rating agency ICRA has reaffirmed the rating for the commercial paper programme of the company as "ICRA Al+".

RITES: The company has bagged export contract worth Rs 160 crore from the Ministry of Transport & Civil Aviation, Sri Lanka.

NTPC: The company is to build the world's largest single-location solar plant with a capacity of 5,000 MW under Ultra Mega Renewable Power Project, reported CNBC-TV18, quoting sources.

OBC: ICRA has revised outlook of bonds from 'stable' to 'rating watch with positive implications'.

Laurus Labs: The company will buy pharmacare subsidiary for 75,000 South African rands.

Amrapali Fincap: Gujarat Natural Resources sold 12.09 percent stake in Amrapali Fincap in the open market on September 17.

Manappuram Finance: The board of the company will consider raising up to Rs 465 crore on September 23.

Madhav Infra: The company has got orders for road and solar projects worth Rs 258 crore.

Advanced Enzyme Technologies: CRISIL has reaffirmed "CRISIL A" rating on the company's long term facilites and "CRISIL A1" on short term facilities, cumulatively worth Rs 100 crore.

Allahabad Bank has decided to launch Retail loans and loans to Micro & Small Enterprise linked with External Benchmark Rates

Reliance Industries - Global operators collaborate with Industry partners to Facilitate O-RAN testing and integration

NCC - Aditya Birla Sun Life MF acquired additional 2.16% stake Sept 13- CNBC-TV18

J Kumar Infra - Porinju Veliyath led Equity Intelligence increased the stake to 5.02% from 4.89% - CNBC-TV18

Jindal Stainless allotted 80 lakh shares at Rs 35.65 per share to promoter group entity for cash consideration on preferential basis

NCLAT asks RCom to approach NCLT for Rs 577 crore refund from Ericsson - PTI

After banks, RBI plans to structure loan rates of NBFCs, HFCs - PTI

SEBI slaps Rs 10 lakh fine on IL&FS for disclosure lapses - PTI

SEBI slaps Rs 35 lakh fine on promoters, shareholder of RT Exports for violating market norms - PTI

Disclaimer: Reliance Industries Ltd. is the sole beneficiary of Independent Media Trust which controls Network18 Media & Investments Ltd.

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Top buy and sell ideas by Sudarshan Sukhani, Mitessh Thakkar, Prakash Gaba for short term

Prakash Gaba of prakashgaba.com recommends selling Ashok Leyland with target at Rs 50 and stop loss at Rs 62 and Bharat Heavy Electricals with target at Rs 45 and stop loss at Rs 50.

Sensex closed the day 642 points lower at 36,481.09 while Nifty closed 186 points or 1.69 percent lower at 10,817.60. Among the 50 stocks in the Nifty index, 44 incurred losses.

Both Nifty and Nifty Bank turned negative for the calendar 2019. Nifty Bank index closed 723 points or 2.60 percent down at 27,131.75. India VIX climbed 7.12 percent to 16.02 level.

Nifty formed a bearish belt hold candle on the daily chart and has also broken its rising support trend line by connecting swing lows of 10,637, 10,746 then 10,880 levels. Experts feel the sentiments are expected to remain weak and if index remains below 10,880 levels then the weakness could continue in coming sessions.

According to the pivot charts, key support level for Nifty is placed at 10,742.7, followed by 10,667.8. If the index starts moving up, key resistance levels to watch out for are 10,946.3 and 11,075.

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Stocks in the news: Hindalco, Balmer Lawrie, Ahluwalia Contracts, Bajaj Finance, Coffee Day, Guj Alkalies

Hindalco | Bajaj Finance | Coffee Day | DHFL | Gujarat Alkalies and IIFL Finance are among stocks, which are in news today.

Bajaj Finance: The board of the company has approved raising up to Rs 8,500 crore via QIP.

Hindalco debuts on Dow Jones Sustainability Index (DJSI) 2019 in the emerging markets category

Coffee Day: The company has executed the definitive agreements with entities belonging to Blackstone Group and the Salarpuria Sattva Group for investment in GV Techparks Private Limited. The transaction is at an enterprise value of Rs 2,700 crore and will substantially bring down the debt level of the group.

DHFL: The company has defaulted on a total of Rs 256 crore worth of interest payment on NCDs.

Ahluwalia Contracts: The company bagged an order of Rs 407 crore in Rewari, Haryana.

Gujarat Alkalies: The company has completed commissioning of 20 MW AC solar power plant installation at Charanka.

Sunteck Realty: The company acquired the premium project in Mumbai for mixed-use development.

Balmer Lawrie: The company has deferred decision on bonus share issue.

NCC: Aditya Birla Sun Life MF has bought 2.2 percent stake in the company.

IIFL Finance:

BSE permitted listing & commencement of trading for IIFL Wealth from September 19

BSE permitted listing & commencement of trading for IIFL Securities from September 20

Jump Networks signs annual digital services agreement of minimum guaranteed revenues of Rs 100 crore to provide wholesale VolP services.

Supreme Infrastructure appoints Pankaj Sharma as chief executive officer of the company w.e.f. September 17, 2019

Mahindra & Mahindra acquires 100 percent in Mahindra Bangladesh Private Limited

ITD Cementation: Current long term rating of ICRA A and short term rating as ICRA A1 have been placed under rating watch with developing implications.

TNPL - ICRA reaffirmed ICRA A rating on the fund based term loan with outlook revised to stable from negative

Indiabulls Housing Finance made timely payment of interest on NCDs

Alankit - NCLT sanctioned scheme of arrangement in which Europlus Financial Services and Euro Global Brokers now merge into Alankit Technologies

CG Power case: Sebi bans Gautham Thapar, 3 others from mkts; orders forensic audit - PTI

MSTC: Bihar State Road Transport Corporation has appointed company as a selling agent to sell all categories of goods and equipment for a period of three years

Magma Fincorp entered into co-origination arrangement with ICICI Bank for asset backed finance business

Future Supply Chain Solutions board meeting on September 20 to consider fund raising

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Proposed Rs 100 lakh cr expenditure puts infra sector in spotlight; L&T, Mahindra among 10 stocks in focus

Infrastructure sector has a big multiplier impact on the economy and experts feel that select stocks in the sector are likely to hog limelight.

To achieve the $5 trillion economy target, the government, earlier this year, constituted a high-level task force earmarking Rs 100 lakh crore for infrastructure projects by 2024-25.

The task force, headed by the economic affairs secretary, will draw up a 'National Infrastructure Pipeline' of Rs 100 lakh crore, the finance ministry said in a statement. This would include greenfield and brownfield projects costing above Rs 100 crore each.

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