The broader markets outperformed benchmarks in morning trade, with the BSE Midcap and Smallcap indices rising more than half a percent. The 30-share BSE Sensex gained 69.63 points at 31,165.33 and the 50-share NSE Nifty rose 17.65 points to 9,634.05. The market breadth remained strong as about two shares advanced for every share falling on the BSE. Sun Pharma was biggest gainer among Sensex stocks, up nearly 2 percent followed by ICICI Bank, HDFC, Maruti Suzuki, Lupin, L&T and HUL. TCS, Infosys, Tata Motors and ITC were under pressure.
Best Shares To Buy Today (Tuesday: 13th June)
Ashok Leyland has run the trial of electric bus. The Tamil Nadu Transport Department has described the trial run as a success. Soon, electric buses will be run in Chennai. The Tamil Nadu Government wants to run 2000 electric buses.
Shreyas Shipping has tied up with Japan’s Suzuki Corp. India and Japan have signed agreements to increase business.
Increasing prices and declining mines have seen the impact on Coal India shares. Coal India’s share has reached 52 weeks of low level. Coal India’s employee allowance is also possible. Government decision has been given to the employees of Coal India to give up to 20 lakh gratuity. Increasing gratuity will increase the burden of Rs 4000 crore on the company.
Creation investment Equitas Holding has sold 50 lakh shares, while Rimco India has bought 50 lakh shares of Equitas at a price of Rs 168.99.
Balrampur Sugar / Bajaj Hindustan / Dhampur Sugar
Import duty on raw sugar can be increased. Import duty can be increased from 40 percent to 60 percent.