Best Stocks to Buy Today : 30/09/21

Day Trading: PTC India, Godfrey india, Oil India, Minda Corp, Coal India, BGR Energy, Max Ventures, TCI Finance, Orbit Exports, PNB

Short Term: Tata Power, IRB Infra Dev, SBI Cards, SBI, Mindtree, DLF, Jindal Steel Power, HCL, Wipro

Long Term: Powergrid, NTPC, Sunpharma, IOC, IEX, Tata Steel, ONGC

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Top Market News:

1. The Union Cabinet, headed by Prime Minister Narendra Modi on Wednesday approved infusion of Rs 4,400 crore into state-owned credit insurance provider ECGC Ltd over a period of five years, starting FY22. It also approved listing of the company on the domestic bourses, which is likely to happen in the next fiscal. Business Standard
2. Invesco Developing Markets Fund on Wednesday moved the National Company Law Tribunal (NCLT) against Zee Entertainment Enterprises and three of its directors, including Chief Executive Officer and Managing Director Punit Goenka, for not calling an extraordinary general meeting (EGM) of the company, as sought by the US fund. Business Standard
3. Reliance Industries today backed the appointment of Saudi Aramco Chairman, Yasir Al-Rumayyan as an independent director on its board and reiterated that his appointment has no connection with Saudi Aramco’s plans to buy a stake in its oil-to-chemicals business. Business Standard
4. Indian motorists will struggle to move away from gasoline- and diesel-powered cars over the next quarter of a century, suggesting the nation’s push toward as electric vehicles may not be a complete success, OPEC said. Business Standard
5. Bajaj Auto and Pierer Industrie, its partner in KTM AG, announced on Wednesday that they have simplified the shareholding in premium bike maker KTM through a share swap deal, following which Bajaj will become an indirect stakeholder in other brands of Austrian partner – including Husqvarna, Gas Gas and Ramon. Business Standard

Google Trends

• China’s plan to achieve net-zero greenhouse gas emissions by the year 2060 can be accomplished at an earlier date if Beijing steps up the adoption of renewable power and cuts use of coal, the International Energy Agency said
• The Reserve Bank of India on Wednesday lifted the prompt corrective action (PCA) restrictions from Indian Overseas Bank after an improvement in its financials.
• One year since Santos’ polluting and expensive Narrabri Gas Project was approved, a new report has found the gas this project would produce isn’t needed.
• The initial public offer of Aditya Birla Sun Life AMC Limited received 56 per cent the subscription on the first day on Wednesday.

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