Best Nifty Market Alerts | Stock Tips 20 Nov 18

Market outlook

Key benchmark indices settled with strong gains on sustained buying demand in index pivotals. Shares of index heavyweights Reliance Industries and ITC gained. Domestic stocks opened on a firm note on buying demand in index pivotals. Stocks trimmed gains in morning trade. Indices hovered in a small range with positive bias in afternoon trade. Indices extended gains in late trade. The Nifty 50 gained 81.20 points and settled the day at 10763.40. FMCG and Realty sectors were the major gainers and PSU Banks were the major losers of the day.

Global Markets

 European shares started the week on the front foot, against spreadbetters’ early expectations for a fall, as signs of an easing in U.S. China trade war tensions boosted mining and technology stocks IPhone maker Apple Inc has cut production orders in recent weeks for all three iPhone models launched in September.

Stock Snippets

BSE has decided to snap ties with S&P Dow Jones, which manages and operates the benchmark Sensex, and plans to develop indices through its own in-house development team.

Dr. Reddy’s Laboratories received zero observations from audit of formulations plant in Andhra Pradesh by the USFDA.

Vodafone Idea clarified that the company has not considered any proposal to sell fiber assets to Bharti Infratel and the news is factually incorrect.

Infosys completed the formation of joint venture with Singapore based global investment company – Temasek, to further strengthen its footprint in South East Asia.

HCL Infosystems received orders from Central Excise & Central Goods & Services Tax to pay Rs74cr with interest and penalty.

SRF said that its technical textiles unit in Tamil Nadu has been damaged by Cyclone Gaja.

Yes Bank surged 7.68% after ICRA Ratings retained its overall long-term rating of ‘ICRA AA+’ on the bank

Global Markets

Japan stocks were higher after the close on Monday, as gains in the Shipbuilding, Machinery and Precision Instruments sectors led shares higher. The Nikkei 225 rose 0.65%.China stocks were higher after the close on Monday, as gains in the Real Estate Investments & Services, Gas, Water & Multiutilities and Financials sectors led shares higher. The Shanghai Composite gained 0.91% to hit a new 1-month high, while the SZSE Component index gained 0.58%.Taiwan stocks were higher after the close on Monday, as gains in the Oil, Gas & Electricity, Other Electronic and Optoelectronic sectors led shares higher. The Taiwan Weighted rose 0.32%.

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