Opening Bell: Markets start on a positive note; Tata Steel gains traction in early trade

On Monday morning Indian indices started on a great note!

Domestic equity, BSE Sensex was up by 101.96 points or 0.16% at the 61,897 level, while the Nifty was up 44.20 points or 0.24% at 18,393.90. About 1756 shares have advanced, 1690 declined, and 155 are unchanged.

Tata Steel, Power Grid Corporation and Kotak Bank were the top gainers of Sensex, while the losers comprise Dr Reddy’s Laborites, Sun Pharmaceuticals and ICICI Bank.

Watch out for these stocks in today’s trading session:

Ashima Ltd – It is a Gujarat-based company engaged in the business of manufacture of polyester filament year. The company is coming up with a big expansion plan for the garment division of the company to 9, 36,000 pieces for Rs 18 crore.

Kolte Patil - Incorporated in 1991, is a leading real estate company with a dominant presence in the Pune residential market, and a growing presence in Mumbai and Bengaluru. The company recently went into an agreement with Marubeni Corporation, Japan, for an investment in a residential project of Rs 206.5 crore located in Pimple Niklakh micro market, Pune.

Hinduja Global Solutions (HGS) - A global leader in optimizing the customer experience lifecycle, digital transformation, and business process management, HGS is helping its clients become more competitive every day. HGS completes acquisition of NXTDIGITAL’s Digital Media business in India adding nearly 1,200 people across 1,500 locations. On completion, the share capital of HGS will increase from Rs 41.79 crore to Rs 52.48 crore.

JK Cement - The company is engaged in the manufacturing and selling of Cement and Cement related products with over 4 decades of experience in cement manufacturing. It has approved 5.5 MnTPA expansions over the next two years, out of which 3.50 MnTPA is proposed in JK Cement Ltd and the rest will be proposed into its subsidiary.