Genuine Stock Trading Tips |

Market Snippet
Finally, bulls garnered the courage to sustain above 200 days mving average. Domestic bourses traded with positive sentiments throughout the day but closed with small losses due to sell off in last hour of the day.Nifty ended at 10216.45
IT sector were the major gainers of the day while Metals were the major losers of the day.

Global Markets Update
European shares opened slightly lower as investors held their nerve after the announcement of U.S. tariffs and the focus turned to the U.S. jobs report later on Friday.
Japan’s Kobe Steel Ltd on Friday appointed the head of its machinery business as its new president and chief executive, looking outside its major steel division for leadership in the wake of a widespread data fraud scandal.


Stock Snippets

Road developer Dilip Buildcon Ltd (DBL) bagged a road project worth Rs 770.04 crore from NHAI for a new engineering, procurement and construction (EPC) project in Uttar Pradesh.

Torrent Power Ltd has won a 124.4 megawatt (MW) order from a Maharashtra power utility through an e-Reverse Auction process.

Shares of GTL Infrastructure locked at 20 percent lower circuit on Friday, hitting 52 week low of Rs 3.11, as it informed the BSE its operations will be hit by client Aircel’s bankruptcy.

Tata Steel will acquire Bhushan Steel for 45,400 crore, far outbidding JSW Living’s offer of 28,000 crore.

Bandhan Bank Ltd will launch an IPO (initial public offering) of Rs 4,473 crore on March 15. The issue closes on March 19 2018.

Shree Renuka Sugars, the country’s leading sugar refiner, has said its Vice-Chairman and Managing Director Narendra Murkumbi have resigned.

Tata Power on Friday announced launch of its IoT based, asset-tracking, automation solution enabled by Tata Communications in Mumbai.

Global Markets

Philippines stocks were lower after the close on Friday, as losses in the Services, Banking & Financials and Holding Firms sectors led shares lower.At the close in Philippines, and the PSEi Composite fell 0.11%.

Japan stocks were higher after the close on Friday, as gains in the Paper & Pulp, Warehousing and Non-Metal Minerals sectors led shares higher.At the close in Tokyo, and the Nikkei 225 added 0.47%.

Australia stocks were higher after the close on Friday, as gains in the Telecoms Services, Industrials and IT sectors led shares higher.At the close in Sydney, the S&P/ASX 200 rose 0.34%.


Leave a Reply