Best Share Market Tips: Sensex Rises 105 Points, Nifty At 11,325

Best Share Market Tips for the Indian stock market, After the rise in Asian markets and global cues, Indian stock markets have seen fastest growth since the sessions. On Friday, on the last day of the business week, the Indian stock market began to rise. The 30-share Sensex of the Bombay Stock Exchange advanced by 138 points to 37697 points and the National Stock Exchange's 50-share sensitive index Nifty rose 31 points to 11,330 points. At 9.29 a.m., the Sensex has gained 105 points, with 37663 points and the Nifty is trading 23 points higher at 11,325 points.

A bullish atmosphere in these stocks

In the initial trading in the Sensex, there is a boom in the shares of Tata Steel, Pte, Jet Airways, RCom, PNB Housing, DCM Shriram. Nifty has a bullish atmosphere in G Entertainment, Indiabulls Housing Finance, Yes Bank, Bharti Airtel and ICICI Bank.

Fall in these stocks

In the initial business of Sensex, there is a recession in Voltas, South Bank, Shankara, Vodafone-Idea Limited, HCL Technologies. Nifty has a slowdown in HCL Technologies, Asian Paints, Tech Mahindra, Infosys, Kotak Bank.

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Best Share Market Tips Provider: L&T Share Price, After SEBI Rejects Rs 9,000 Crore Buyback

Rudra Investment provides Best Share Market Tips Provider with experts views on L&T, After cancelling a share buyback plan of Rs 9,000 crore proposed by the capital market regulator Sebi firm, shares of India's infrastructure chief Larsen and Toubro are trading on Monday morning. The L & T share price on BSE is more than 3.2% for intra-day less than Rs 1,275. In particular, SEBI has abolished the buyback offer because, after the consideration of the buy-back (acceptance of full acceptance), the proportion of the total amount of secured and unsecured loans by the company will be more than twice the amount and based on the free reserves of the company Will be on consolidated financial statements.

Taking stock of development, global firm Macquarie said that knee shock reaction is possible for the stock. After the rejection of SEBI, the firm can detect alternate methods for redistribution of additional capital, Macquarie said. Macquarie said, "We believe that the regulatory approach is very conservative to regulate the loan of L & T Fin Services." The target value of the firm's shares is Rs 1,880.

CLSA said that while focusing on L & T's strong focus on ROE enhancement, the firm's board can approve a one-time high dividend of Rs 53 per share per week. It will extend the L & T's ROE to about 120 basis points in the current estimates of FY10. CLSA has a purchase call on the stock with a target price of Rs 1730.

In an interview with ET Now, L & T CEO SN Subrahmanyan said that the firm will look at other options to return the money to the shareholders. "One of the requirements by SEBI was that postbackbacks should not be higher than loan-equity ratio 2: 1. According to the law, this standalone unit was to be explored on the basis of L & T. 

As you know, L & T's debt-equity is currently 0.17. We had legal thoughts, and proceed with that. However, according to the internal rules of SEBI, it has been found that the loan-equity ratio for the group is more than 2: 1. Therefore, while taking the group as a whole, they requested us not to proceed with the buyback. Nobody can know the law that is promoted. But, an internal rule cannot be known by us. The whole idea was to return the money to shareholders. We will also look at other options. "