Daily EQuity Trading Tips & Market Updates & Strategies

Key market barometers ended with small losses on Thursday. While private banks dragged the indices lower, gains in IT and pharma shares provided support. Trading was volatile due to expiry of weekly index options on the NSE. The sentiment was affected by weak domestic economic data. Shares across the globe were under pressure as the death toll from the coronavirus in mainland China spiked 23% Wednesday amid new counting methods adopted by Chinese health officials. 

Global Markets  

Nissan Motor Co cut its annual operating profit forecast by 43%, hit by a slump in vehicle sales and heaping more pressure on new management to fix a company.European stock markets pushed lower Thursday, as a jump in the number of people recorded as being affected by the coronavirus in China prompted a rush to safe havens. This comes as the corporate earnings session enters full flow. DAX lost 55 points, or 0.4%.

Stock Snippets

Zydus Cadila has received the final approval from the USFDA to market Mesalamine Suppositories for rectal use, 1000 mg.

Welspun Corp share price declined 3 percent on February 13 after company closed its step down non-operating company in the UAE with effect from February 11, 2020.

Bharat Heavy Electricals (BHEL) share price rose nearly 2 percent on February 13 after company signed MoU with Russian firm.

PNC Infratech bags a hybrid annuity highway project worth Rs 2,052 crore in Uttar Pradesh.

General Insurance Corporation of India obtained a license from Bank of Russia Federation for the commencement of reinsurance business

Yes Bank delay in submitting Q3 earnings. Bank received non-binding expressions of interest from several prominent investors.

Aurobindo Pharma completed the acquisition of certain business assets of Profectus BioSciences.

Global Markets

Asian markets were mixed on Thursday. Chinese stocks underperformed amid a spike in the number of new diagnosed coronavirus cases in the Hubei province.

Japan stocks were lower after the close on Thursday, as losses in the Paper & Pulp, Railway & Bus and Real Estate sectors led shares lower. The Nikkei 225 fell 0.14%.

Australia stocks were higher after the close on Thursday, as gains in the Utilities, Consumer Discretionary and Energy sectors led shares higher. The S&P/ASX 200 rose 0.21%.

(Click to submit your details) Just one step to get the best trading tips and Recommendation.

Leave a Reply