Best Stocks to Buy Today : 19/10/21

Day Trading: HUL, Nestle, ICICI Insurance, L&T Tech services, Tata Comm, Syngene, Khadim India, Sical Logistics, AMD Industries, Coffee day

Short Term: Tata Power, NHPC, SJVN, Natnl Aluminium, Vedanta, PNB, Suzlon Energy, Yes Bank, TCS, Bank of Baroda

Long Term: IRCTC, Tata Motors, Hindalco, Infosys, Tech M, JSW Steel, Tata Steel, ITC

Source Click; Source Click 2; Source Click 3

Top Market News:

1. The government is pushing to get the initial public offering of state-backed Life Insurance Corp. of India across the line by next March and any delay won’t be due to a lack of political will, according to Finance Minister Nirmala Sitharaman. Business Standard
2. The disinvestment of Bharat Petroleum Corp­oration (BPCL) may hit a fuel price hurdle, according to officials dealing with the matter. They pointed out that the inconspicuous administered price regime could hamper the prospects for potential buyers of BPCL. A senior oil ministry official said public-sector oil-marketing companies (OMCs) take a hit when they sell petrol, diesel, and liquefied petr­oleum gas (LPG), three of the most popular petroleum products in the country. Business Standard
3. The need of the hour is to focus on supply-side reforms and easing various bottlenecks and disruptions, rather than focusing single-mindedly on normalisation, the Reserve Bank of India (RBI) said in its State of the Economy report in its October bulletin. Business Standard
4. The International Monetary Fund (IMF) has cautioned that any tapering by the US Federal Reserve and similar action by other central bankers would lead to some capital flow out of India even as the country has enough foreign exchange at the moment, amid high foreign direct and portfolio investments. Business Standard
5. Scores of individual investors were unable to execute ‘sell’ orders during early trade on Monday due to a technical issue with the Central Depository Services India (CDSL), the country’s largest depository in terms of number of accounts. Business Standard

Google Trends

• Stock market trading via mobile apps and online portals involving major players such as Zerodha, Upstox, Groww and ICICIDirect, was disrupted on Monday due to a technical glitch at the Central Depository Services Limited (CDSL).
• Billionaire Richard Li’s U.S. initial public offering of his Asian insurance group, FWD Group Holdings Ltd., is stalling amid regulators’ increasing unease over the long arm of the Chinese government, people with knowledge of the matter said.
• Tata AIG General Insurance Co. Ltd on Monday announced the launch of Remotely Piloted Aircraft System (RPAS) insurance, and distribution tie-up with TropoGo, a deep-tech startup. Tropogo has established an integrated marketplace providing a one-stop shop for the complete drone ecosystem.

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