Best Stocks to Buy Today : 11/10/21

Day Trading: HFCL, Saregama India, Delta Corp, Ramkrishna Forgings, Ashoka Buildcon, Chambal Fertiliser, Zensar, Uflex, UCO Bank, Nazara tech, Southern Ispat, DRC Systems,

Short Term: Yes Bank, Bank of Baroda, JP Power, Grasim, Suzlon, Trident, South India bank, JP Power,

Long Term: Reliance, Wipro, Infosys, Tata Motors, Tech M, HCL, TCS, IRCTC, IEX, Tata Steel,

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Top Market News:

1. The Institute of Chartered Accountants of India (ICAI) has defended its stance, saying it is not for exempting micro, small, and medium firms from mandatory statutory audit and that the National Fin­an­cial Regulatory Authority has no jurisdiction over MSMEs. Business Standard
2. Mukesh Ambani-controlled Reliance New Energy Solar, a wholly owned subsidiary of Reliance Industries (RIL), has acquired REC Solar Holdings (REC Group) from China National Bluestar (Group) Co. An RIL statement said the transaction is for an enterprise value of $771 million. Business Standard
3. Within hours of announcing acquisition of REC Solar Holdings for $771 million, Reliance Industries announced on Sunday that its subsidiary will acquire a 40 per cent stake in Sterling & Wilson Solar Ltd through a combination of primary investment, secondary purchase and open offer for around Rs 2,850 crore. Business Standard
4. India will await the final outcome of the global tax deal before taking call on withdrawing the equalisation levy (EL) on digital companies such as Google, Facebook and Netflix, which have no physical presence in India, said two official privy to the development. Business Standard
5. With several states and power distribution companies (discoms) pressing the panic button on coal supply and shortfall in electricity, the Ministry of Coal and Power has rushed in to scotch any rumours of a blackout or power cuts. Business Standard

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• India’s inflation numbers for September are also due. Amid the slowdown in the US economy, experts will also keep an eye on its inflation numbers, which will be out on Wednesday.
• The board of Coal India Ltd is expected to give its nod to the Centre’s proposal to divest 10 per cent of paid-up capital in the miner’s subsidiary Central Mine Planning and Design Institute Ltd (CMPDIL) and to list the consultancy arm on the bourses, official sources said on Sunday.
• The city with the worst CO2 emissions is Tokyo, Japan. Here are the details:

  > Total emissions in 2014: 70.13 million tons of CO2 equivalent

  > Transport, industrial, waste, and local power plants: 27.61 million tons of CO2 equivalent — #6 most in study

  > Grid-supplied energy produced outside the city boundary: 42.52 million tons of CO2 equivalent — #1 most in study

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