The S&P BSE Sensex surged over 400 points in trade on Monday, while Nifty too rose to its record high of 6975.70 in trade, supported by strong buying seen in banks, capital goods, oil & gas and power stocks.
Nifty has surpassed its previous swing's high of 6870 levels on Friday. Moreover, it has engulfed the candlestick of the previous nine days which makes it one of the most reliable bullish engulfing patterns.
At 10:30 a.m.; the 50-share index was trading at 6947.80, up 89 points or 1.3 per cent. It touched a high of 6,975.70 and a low of 6,862.90 in trade today. The S&P BSE Sensex was trading at 23,316.72, up 322 points or 1.40 per cent. It touched a high of 23410.36 and a low of 23,008.65 in trade today.
Here is a list of ten stocks which are in focus today:
Financial TechnologiesBSE 0.80 % Ltd: The Financial Technologies (FT) board said it would take two weeks more to attain a final bid for its stake in commodity bourse MCX and that all the shortlisted bidders continue to be interested in the divestment process.
At 10:30 a.m.; the stock was trading 3 per cent higher at Rs 270.
Reliance IndustriesBSE 2.68 % Ltd: Reliance Industries, along with its partners BP and NIKO have issued a notice of arbitration to the government of India seeking implementation of the revised price for gas produced from the Krishna-Godavari basin (KG-D6).
At 10:30 a.m.; the stock was trading 2.9 per cent higher at Rs 1027.
Dena Bank: Dena BankBSE 1.35 % today reported a 49 per cent jump in net profit to Rs 187.28 crore in the fourth quarter ended March 31. Total income increased to Rs 2,866.78 crore from Rs 2,539.74 crore.
At 10:30 a.m.; the stock was trading 1.5 per cent higher at Rs 63.90.
Tree House Education: Venture capital firm Matrix Partners has recorded a handsome return from the sale of a portion of its holding in school management firm Tree House Education and AccessoriesBSE 1.13 %. Matrix sold 4.84% stake in the company for Rs 50.4 crore on Friday according to data on the Bombay Stock Exchange.
At 10:30 a.m.; the stock was trading 0.8 per cent higher at Rs 285.70.
Tech MahindraBSE 0.48 % Ltd: IT services firm Tech Mahindra has entered the Mexican market, where it will focus on industries such as telecom, banking, energy and manufacturing and help create about 500 jobs in the next 24 months.
At 10:30 a.m.; the stock was trading 0.6 per cent higher at Rs 1784.55.
Central Bank of India: Central Bank of IndiaBSE 0.37 % recorded a 4 per cent decline in net profit to Rs 162.44 crore in the fourth quarter ended March 31. The state-owned bank had posted a profit of Rs 169.15 crore in the January-March quarter of 2012-13, according to a filing to the BSE.
At 10:30 a.m.; the stock was trading 0.5 per cent higher at Rs 54.10.
Chambal Fertilisers: Chambal FertilisersBSE -3.03 % today reported over 75 per cent fall in net profit at Rs 5.62 crore for fourth quarter ended on March 31, due to lower income. The company had posted the net profit of Rs 22.94 crore in the same quarter in year 2012-13.
At 10:30 a.m.; the stock was trading 2.8 per cent lower at Rs 40.05.
United Spirits Ltd: United Spirits LtdBSE -1.34 % agreed to sell its Whyte & Mackay scotch whisky unit to Emperador Inc in a 430 million pound ($729 million) deal that satisfies UK antitrust concerns and the Filipino company's thirst for growth.
At 10:30 a.m.; the stock was trading 0.6 per cent lower at Rs 2759.
Aditya Birla NuvoBSE 0.76 % Ltd: ABNL IT & ITES, a wholly-owned subsidiary of Aditya Birla Nuvo (ABNL), completed the divestment of Aditya Birla Minacs Worldwide to a group of financial investors, led by CX Partners and Capital Square Partners.
At 10:30 a.m.; the stock was trading 0.8 per cent higher at Rs 1120.
Andhra Bank: Andhra BankBSE 1.39 % reported a net profit decline of 75% after setting aside more money to cover bad loans in the three-month period ended 31 March. Revenue, or interest- and non-interest income combined, rose 9.3% to Rs.4,057.9 crore from Rs.3,713 crore.
At 10:30 a.m.; the stock was trading 0.6 per cent higher at Rs 65.20.
Source:- economictimes.indiatimes.com
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