Upcoming Forecast of Daily Equity Market

Market Outlook

Key benchmark indices suffered strong losses in volatile trade led by slide in index pivotals HDFC, Reliance Industries and HDFC Bank. Trading was volatile as traders rolled over positions in the F&O segment from the near month October 2018 series to November 2018 series. The October 2018 F&O contracts expired today,25 October 2018.The Sensex settled below the psychological 34,000 level and The Nifty 50 lost 99.85 points and settled  at 10124.90. IT sector were the major gainers and Media sector were the major losers of the day.

Global Markets

Tesla Inc the electric carmaker’s new Model 3 will be available in Australia and the UK around the middle of next year. European shares sank on Thursday as a heavy selloff in U.S. and Asian markets spread to the region and weak results from AB InBev and WPP among others underlined investors’ anxieties about slowing earnings growth in an uncertain political landscape.The pan-European STOXX 600 fell as much as 1%.

Stock Snippets

Tata Chemicals signed MOU with CSIR-Central Electrochemical Research Institute, Karaikudi to scale up production of cathode materials for Lithium-ion cells.

L&T Finance reports that it has Rs1,800cr exposure to IL&FS Infra projects and about Rs800cr exposure to projects of Supertech.

NBCC (India) has received letter of appointment from Ministry of Health & Family Welfare, Govt. of India for Planning, Designing, & Construction of All India Institute of Medical Sciences (AIIMS), Deoghar, Jharkhand under Pradhan Mantri Swasthya Suraksha Yojana (PMSSY) amounting Rs. 902 crore (approx).

KPIT Tech to be tech partner for BMW’s autonomous driving project.

Dynemic Products halted operations at Ankleshwar Plant after receiving notice from the Gujarat Pollution Control Board.

Schaeffler India completed merger of INA Bearings India Pvt. Ltd. and LuK India Pvt. Ltd.

Global Markets

Japan stocks were lower after the close on Thursday, as losses in the Precision Instruments, Pharmaceutical Industry and Electrical/Machinery sectors led shares lower. The Nikkei 225 lost 3.86% to hit a new 6-months low.

China stocks were mixed after the close on Thursday, as gains in the Real Estate Investments & Services, Oil Equipment Services & Distribution and Financials sectors led shares higher while losses in the Software & Computer Services, Gas, Water & Multiutilities and Technology sectors led shares lower.

Taiwan stocks were lower after the close on Thursday, as losses in the, Electricity and Biotech & Medical Care sectors led shares lower. The Taiwan Weighted fell 2.44% to hit a new 52-week low.

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

Leave a Reply