Best Stocks to Buy Today : 13/10/21

Day Trading: Infosys, Plastiblends, Mindtree, HCL, Cyient, Century Textiles, Mahindra CIE, NRB Industrial, AKG Exim, Sagar Productions, Virat Industries, Triveni Glass,

Short Term: IDBI, Network 18, Radico Khaitan, Ujjivan, IFCI, Future Retail, BHEL,

Long Term: Titan, Bajaj, SBI, Bajaj Finserv, Nestle, Hindalco, Tata Power, Tata Motor, IRCTC, IEX,

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Top Market News:

1. Zee Entertainment Enterprises (ZEEL) on Tuesday revealed that one of its shareholders, Invesco, had approached its managing director and chief executive officer, Punit Goenka, with a merger proposal in February on behalf of a rival company, part of a large Indian business group, which, if accepted, would have led to a loss of Rs 10,000 crore for the company’s shareholders. Business Standard
2. In a boost to its electric vehicle (EV) push, Tata Motors on Tuesday closed a deal to raise Rs 7,500 crore from TPG Rise Climate and Abu Dhabi’s ADQ. This is the first major fundraising by an Indian carmaker to push clean mobility. Business Standard
3. The Centre has asked thermal power generators to import coal for at least 10 per cent blending, citing shortage of domestic coal supply. This is a sharp reversal of its earlier directive of using domestic coal. Business Standard
4. The Reserve Bank of India (RBI) on Tuesday debarred audit firm Haribhakti & Co from undertaking audit assignments in any of the banking and non-banking financial companies (NBFC) for two years starting April 1, 2022, for failing to comply with its direction. Business Standard
5. The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, on Tuesday approved an additional subsidy of Rs 28,655 crore on phosphatic and potassic (P&K) fertilisers to ensure that farmers get nutrients at affordable prices during the rabi sowing season. Business Standard

Google Trends

• Brent crude fell 23 cents to settle at US$83.42 a barrel, after trading from a high of US$84.23 to a low of US$82.72.
• Celebrity investor Rakesh Jhunjhunwala has picked up 2,50,00,000 equity shares or a 1.36 per cent stake in National Aluminium Company Limited (NALCO) in the June-September quarter, the company revealed in a shareholding pattern on the BSE on Tuesday.
• Happy Durga Ashtami 2021.
• Northern Coalfields Ltd (NCL) is ensuring sufficient coal supply to meet the growing energy demand of the nation. Notwithstanding the tough times of COVID and heavy monsoon, NCL registered 15 per cent Y-O-Y growth and dispatched 61.51 million tonnes (MT) coal till date in the current fiscal, compared to 53.44 MT of the same period last year.
• Standard Chartered is to ease enrollments to its supplier finance programme through an online platform delivered by Demica.

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