Equity benchmarks extended gains in morning trade, with the Nifty trading above 9650 level ahead of outcome of monetary policy committee meeting due later today. The 30-share BSE Sensex was up 109.21 points at 31,299.77 and the 50-share NSE Nifty rose 27 points to 9664.15. According to LKP, the central bank is likely to hold key rates even as the government is making a case for a lower interest regime citing low inflation. Majority of experts expect the RBI to maintain status quo. RBI’s commentary would be closely watched. The broader markets outperformed benchmarks, with the BSE Midcap and Smallcap indices rising over half a percent. About two shares advanced for every share falling on the BSE.
Best Shares to Buy Today : 7th June Wednesday
To secure our investment we need to keep sharp eyes on each and every movement of shares. Here we are telling you the top shares that will be under the circle of market.
ITD cementation – HDFC Mutual Fund has sold 27 lakh shares at the price of 175 rupees in ITD cement.
Reliance Communications – Moody’s has reduced Reliance Communications’s rating from CAA1 to CA and kept Outlook negative. Where Fitch has reduced its rating from Triple Sea to RD.
Vivimed labs – The Spanish unit (Sant Celoni) got a clean chit from the US FDA. There is no objection in the inspection.
Sikal logistics – Sikal Logistics received an order worth Rs 289 crore from Mahanadi Coalfields.
Oil india – In May, there is an oil reservoir in the Assam Basin, which is 4154 meters deep. This reservoir can leave 100 cubic meters of oil daily. The company is exploring options to extract more oil. In 2016-17, the company has done 10 new searches.