Tuesday Morning News with Hot Stock Updates

After a poor opening on Monday, the Stock Market weakened more on Tuesday Morning Session and slipped down a bit. Although, the market loss is comparatively null, but it's still affecting company shares. Currently, Sensex Live at 25628.74 with the drop of 50.19 points and Nifty Live at 7846.05 with the loss of 9 points. In S&P BSE Sectors, IT, Metals, Oil & Gas, Psu, Small Cap Mid Cap and Nifty Midcap 100 are up in the market, while Auto, Bankex, Bank Nifty, Capital Goods, Consumer Durables, Fmcg and Healthcare sectors are down in the market. Along with the India, few other Asian Indexes have also received minor losses. 

According to latest updates, there are major chances to ban Foreign Investment in Tobacco Sector. At present, foreigners are only allowed to invest in marketing, branding and frenchaysi but banned to invest in cigarette manufacturing. Engineer India has agreed with Bangladesh Petrolium to avail the PMC Services. Prism Cement has collected 111 crore rupees after selling its 23% stakes from QBE Insurance and currently trading with the hike of 1.50%.

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Stock Market is Doing Good But NCDEX Commodity is Down

After a superb performance on Monday, the Indian Stock Market has given a nice opening on the Tuesday Morning Session. Both the top indexes are trading with minor hikes, Sensex Live at 25102.39 with the hike of 80.23 and Nifty Live at 7693.60 with the hike of 22.20 points. Except the Taiwan & Shanghai the other Asian Market is also performing good.

In Mcx Commodity Market, Gold, Silver and Lead is trading in negative zone whether all other Base Metals are up in the market. Currently, Gold Live at  29284 with the loss of 46 points, Silver Live at 37550 with the loss of 214 points and Crude Oil Live at 2676 with the hike of 10 points. In Ncdex Commodity Market, all the commodities are trading in negative zone except Soyabean, Ref soya oil and kapas contracts.

According to the reports of Central Food Technological Research Institute, all the Maggi samples were good and the amount of Lead in Maggi was within limitations. This clearance from CFTRI gave a big push to Nestle India Stock.

The board of Bharat Petroleum Corporation Limited has given the approval to increase the limit of Foreign Institutional Investment from 24% to 49% in the company. BPCL will buy the 26% stake of Petronet CCK Limited in 78.6 Rupees. The company stock is currently trading at 933.30 with the hike of 1.76%.

The stake of Birla Sun Life in Sun Life has been increased from 26% to 49%. Birla Sun Life has collected Rs 1664 crore after selling the 23% stake. After a big drop in January finally the company stock is recovering itself.

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