Best Share Tips for Today (8th September)- Money Maker Research

BSE Sensex opened higher by 63 points at 31,726 levels, while the NSE Nifty opened higher by 22 points at 9,952 marks at after 10:00 hours extent. A majority of Asian stocks were trading in the positive terrain in early trade on Friday. The shares of L&T, Cipla and Tata Steel rose, while Dr. Reddy’s Labs and Infosys fell. Here are the latest stock focuses from the markets: 

• Stocks of Bajaj Finance Limited are on a rising streak since the last two trading days after a robust response to its QIP of equity shares on the eve of 5 Sept. The Bajaj Finance stock has gained over Rs 9400 in market capitalization in just two days.

• Shares of Eicher Motors and Royal Enfield advanced over 3 percent to hit a record high yesterday on the news that the company is going to make a binding offer to acquire the iconic Italian superbikes Ducati about 2 billion dollar. The stock gained 3.88 percent to Rs 33,328.4 on NSE yesterday.

• Shares of Indiabulls Housing Finance rose to a lifetime high on Thursday after research and brokerage firm CLSA raised the target price of the company to Rs 1500 from Rs 1380. Mahindra & Mahindra has announced the proposed rise in GST on SUVs and bigger cars should not be applied during the festive season.

Sensex Nifty Started At Lower Note, Bullion Market Up

Stock Market started with a low note. Rupee Opened weak by 4 paise at 67.04 against US Dollar. The 50-share NSE Nifty started off August series on a flat note after yesterday's rally as investors eagerly awaited for GST Bill. Nifty is down by 16 points at 8650. The 30-share index BSE Sensex is down by 75 points to 28133. BSE Small Cap hikes 24 points at 12305, BSE Mid-Cap gains 67 points at 12640 and Nifty Mid Cap is up by 64 points to 14760. All the Global Indices are trading down. Nikkei is down by 116 points to 16359, Hang Seng is down by 182 points to 21991 and Shanghai Composite with minor loss of 2 points down by 2992. In Commodity Market, Gold and Silver are trading in the positive zone. Gold hiked 45 points to 31031 and Silver hiked 343 points to 47362. Natural Gas hiked 13 points to 194 and Crude Oil dropped 59 points to 2772. 

Automobile company Eicher Motors first quarter (April-June) consolidated earnings matched analysts' estimates on Thursday with profit growing sharply by 58.6 percent to Rs 376.3 crore, driven by strong revenue as well as operational performance in Royal Enfield business. Revenue increased 42 percent to Rs 1,555.7 crore in the quarter ended June 2016 compared with Rs 1,096 crore in year-ago period. The Bank of Japan (BOJ) has eased its monetary policy further today by expanding dollar lending programmed to USD 24 billion. The central bank kept deposit rate at -0.1 percent and said it will increase buying of exchange traded funds. Bank of Japan has lowered its real GDP growth forecast for the current fiscal year to 1 percent from earlier 1.2 percent but increased to 1.3 percent for next fiscal from earlier forecast of 0.1 percent.

Monday Market News with Hot Stocks Updates

Monday Morning gave a nice opening to the Indian Stock Market. BSE Sensex is trading at 24887.93 with the hike of 169.94 points & NSE Nifty is trading at 7559.20 with the hike of 79 points. But the situation is totally opposite with Mcx Commodity Market and all the mcx commodities are trading in loss. Although, the day is very much favorable for Ncdex Commodity Market. All the Ncdex commodities with all the future contract are trading with positive points, except Jeera May, kapas Apr and Ref soya oil Apr May. In Mcx, Gold is trading at 29420 with the loss of 80 points, Silver is trading at 37600 with the loss of 10 points and Crude oil at 2579 with the loss of 16 points. In Bse Sectors, Base Metal and PSU sector have received the respective loss of 116 and 15 points, whether all other sectors are trading in positive zone. 

In Hot Stocks Updates- Eicher Motors has announced the Intrim dividend of 100 rupees per share. Eicher Stock took a jump of 175 points after the announcement. National Buildings Construction Corp has got approval to exchange 1 share with 5 shares. HDFC has sold the 3 lakh mortgage shares of United Spirits. The company's stock is currently moving with the hike of 1.26%. Expert Advice to 

Buy Eicher Motors above 20164 for Targets 20189.41, 20224.94, 20260.5 & Stoploss 20128.51 

Sell NBCC below 930.25 for Targets 923.1, 915.52, 907.96 & Stoploss 937.89.