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Stock Trading Tips For Traders/Investors

Indian equity indices took a beating in Monday’s trade on fears of the US eliminating waivers it had given to eight countries, including India, to import crude from Iran. The news pushed the rupee lower and threatened foreign fund inflows and at close, Nifty was down 158.30 points at 11,594.50 while the Sensex was down 495.10 points at 38,645.18. About 747 shares have advanced, 1751 shares declined, and 166 shares are unchanged. Among the sectors except IT all other indices ended in red led by energy, bank, auto, metal, pharma, infra and FMCG.

Global Markets

Asian stock markets were mostly lower in Monday afternoon trade in the absence of fresh cues from Wall Street and European markets, which were closed for the Good Friday holiday.

The markets in Australia, New Zealand and Hong Kong remained closed for the Easter Monday holiday.

The broad MSCI Asia ex-Japan index declined 0.31% to 542.00.

Stock Snippets

Reliance Industries declined 2% in Monday’s morning trade despite the company reported better than expected numbers for Q4FY19. Its Revenue grew by 17.9% yoy Rs 1 41,634cr. EBITDA came in at Rs20, 832cr, up 12.8% yoy.

DHFL declines 10% after Crisil revises credit rating from ‘A2+’ to ‘A3+’.

Shares of Alembic Pharma gained 1% after the company received approval from the USFDA for its Abbreviated New Drug Application (ANDA) Teriflunomide Tablets, 7 mg and 14 mg.

Shares of Oil Marketing Companies declined in Monday’s morning trade after crude oil prices spurted ~2% in global markets.

Shares of KPIT Technologies, earlier known as KPIT Engineering Limited, began its first day of trade at Rs100 on the Bombay Stock Exchange after listing on April 22.

Syngene International gains 2% as board to consider dividend in its meet on April 24.

Global Markets

Asian shares slipped on Monday, weighed down by underperforming Chinese stocks, while oil prices rallied on news the United States is likely to ask all importers of Iranian oil to end their purchases or face sanctions.

Japan stocks were higher after the close on Monday, as gains in the Finance & Investment, Automobiles & Parts and Chemical; Petroleum & Plastic sectors led shares higher. At the close in Tokyo, the Nikkei 225 added 0.14%.

Indonesia’s central bank will keep interest rates on hold as Indonesian central bank officials have noted that a steady rupiah, backed by strong capital inflows and benign inflation, support policy easing, but say a narrower current account deficit is needed before rate cuts.

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