Beneficial Tips Of Stock Market To Make Profit

The market ended the volatile session lower on Tuesday. Gains in IT stocks were offset by weakness in banks stocks. The Nifty managed to end above the crucial 11,000 mark after flirting with level in intraday. The Nifty 50 index fell 36.9 points or 0.33% to 11,017, as per the provisional closing data.Among sectors, metal, PSU bank, energy, FMCG and infra witnessed selling pressure, while auto, IT and pharma stocks gained.

Global Markets

Elanco Animal Health Inc would buy Bayer AG’s animal health unit in a cash and stock deal valued at $7.6 billion.European shares followed their Asian counterparts higher on Tuesday as investors bet possible monetary and fiscal stimulus measures would help stave off a major global economic downturn. Euro Stoxx 600 rose 0.2%.

Stock Snippets

Shares of Vodafone Idea fell as much as 8.84 percent intraday on August 20 after the chief executive officer Balesh Sharma stepped down. The situation was worsened by additional loss of subscribers in June.

NIIT is collaborntlng with Automation Anywhere to deliver comprehensive RPA workshops to developers, students and IT professionals across India

DHFL shares crack 8% on payment default: The Company defaulted on its financial repayment obligations worth Rs 1,571 crore with regard to the issuance of bonds and commercial papers.

Share price of Himachal Futuristic Communication (HFCL) surged 8.5 percent on August 20 after company received purchase order worth Rs 2,467 crore.

Shares of Mangalore Refinery and Petrochemicals (MRPL) declined 3 percent on August 20 after company shut its Phase-III process units of the refinery due to intensified monsoon.

Global Markets

Japan stocks were higher after the close on Tuesday, as gains in the Paper & Pulp, Railway & Bus and Real Estate sectors led shares higher.The Nikkei 225 added 0.55%.

The Shanghai Composite slipped 0.1% , while the Shenzhen Component climbed 0.6%. Hong Kong’s Hang Seng Index dropped 0.3%.

Australia stocks were higher after the close on Tuesday, as gains in the Energy, Consumer Staples and Utilities sectors led shares higher.The S&P/ASX 200 gained 1.20%.

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