Sensex rallies, Nifty holds 8250 levels; top ten stocks in focus

At 10:20 a.m.; the 30-share index was at 27445, up 170 points or 0.63 per cent. It touched a high of 27507.67 and a low of 27404.19 in trade today.

By ET Online | Updated: Jan 09, 2015, 10.59 AM IST

Sensex rallies, Nifty holds 8250 levels; top ten stocks in focus

NEW DELHI: The S&P BSE Sensex rallied as much as 233 points in trade on Friday supported by strong global cues. The rally in the index was led by gains in TCS, HDFC Bank, Tata Motors and HUL.

Overnight, US markets closed higher with the largest advance in three weeks, as two days of steady oil prices along with dovish comments by a Federal Reserve member helped further fuel a buying frenzy which begun on Wednesday.

Tracking the momentum, the 50-share Nifty index also managed to reclaim its crucial psychological level of 8300, supported by gains in metals, oil & gas, realty and auto stocks.

At 10:20 a.m.; the 30-share index was at 27445, up 170 points or 0.63 per cent. It touched a high of 27507.67 and a low of 27404.19 in trade today.

The Nifty was at 8283 up 50 points or 0.60 per cent. It touched a high of 8303.30 and a low of 8272.95 in trade today.

Here is a list of ten stocks which are in focus today:

Infosys: According to ET Now poll, Infosys may report net profit of Rs 3151 crore, up 1.77 per cent, from Rs 3096 crore in previous quarter.

At 10:20 a.m.; the stock was trading 0.2 per cent higher at Rs 1977.

ONGC: Government will go for its stake sale in ONGC after finalising a new subsidy sharing formula as it would help in fetching better price in the market.

At 10:20 a.m.; the stock was trading 1.3 per cent higher at Rs 346.

Cadila Healthcare Ltd: Drug firm Cadila Healthcare is voluntarily recalling 19,536 bottles of benzonatate capsules, used to treat coughs, in the US due to "wet and/or leaking capsules".

At 10:20 a.m.; the stock was trading 3.8 per cent higher at Rs 1709.

RIL Ltd: Reliance Industries has finalised its 2015 gasoil and jet fuel term contracts at lower premiums than last year, traders said on Thursday.

At 10:20 a.m.; the stock was trading 0.8 per cent higher at Rs 849.

JSPL: The Coal Ministry officials had "connived" with the JSPL, headed by former Congress MP Naveen Jindal, allowing it to "illegally" mine nearly three times more coal than permitted, claims a CBI probe into coal block allocation scam.

At 10:20 a.m.; the stock was trading 0.4 per cent lower at Rs 156.75.

ITC Ltd: ITC has reshuffled the portfolios of its top executives, throwing the succession race at the cigarettes-to-hotels conglomerate wide open ahead of the end of long-serving Chairman YC Deveshwar's term in 2017.

At 10:20 a.m.; the stock was trading 0.1 per cent lower at Rs 362.

Idea Cellular Ltd: Sixth Sense Media, a US-based mobile marketing and advertising software firm, is close to inking a sizeable deal with Idea Cellular to help India's third-largest telco boost mobile marketing revenues by leveraging its core network and customer information resources.

At 10:20 a.m.; the stock was trading 1.05 per cent lower at Rs 150.70.

SpiceJet Ltd: Potential investors in SpiceJet, led by former promoter Ajay Singh, have submitted a rescue plan for the troubled airline to the civil aviation ministry that includes an initial investment by Saturday, January 10, and substantial equity infusion in a month's time, said a senior ministry official.

At 10:20 a.m.; the stock was trading 9.9 per cent higher at Rs 18.30.

Tata Steel Ltd: Moody's today upgarded Tata Steel's ratings, with a stable outlook, on expectations that Tata Steel UK Holdings - earlier known as Corus - will have less drag on the performance of the group.

At 10:20 a.m.; the stock was trading 2 per cent higher at Rs 402.80.

Gold loan companies: The RBI (Reserve Bank of India) today has decided to increase the quantum of loan that could be granted under the Gold Loan - Bullet Repayment scheme, from Rs. 1 lakh to Rs. 2 lakh subject to the following certain conditions.

At 10:20 a.m.; Mannapuram Finance was trading 2 per cent higher at Rs 34.80.

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