Best Stock Market Tips for Indian Stock Advice

Market Snippet
Benchmark indices ended flat but in green on the fourth trading session of the week ahead of key corporate result session season starting later this week and the federal budget in next month. Nifty scored new life time in intraday trde session and closed at new life time closing high too at 10654.05.
Realty shares were the major gainers of the day while Metal stocks were the major losers of the day.

Global Markets Update
Global demand for air travel climbed 8 percent in November, the fastest rate in five months, the International Air Transport Association (IATA) said.

Most major Asian indexes closed lower on Thursday following the softer lead from Wall Street. Investors in the region also focused on quarterly releases as Japanese corporates kicked off earnings season.


Stock Snippets

IndusInd Bank has reported nearly 25 percent growth in profit at Rs 936.2 crore for quarter ended December 2017 YoY, which was largely in line with estimates, but asset quality weakened a bit sequentially. Profit in year-ago quarter had reported at Rs 750.64 crore by the bank. Other income, operating income and NII boosted profitability.

The board of directors of Bank of India will meet on Jan 20 to consider fundraising options, the bank said in a notification to exchanges today. In December, the bank received Rs2,257 crore funds through capital infusion by the government.

Tata Chemicals has received approval from majority shareholders for sale of its Haldia fertilizer unit in West Bengal to Netherlands-based Indorama Holdings BV for Rs375 crore.

The government’s 2.52% stake sale in state-owned miner NMDC saw robust response from investors with the retail portion getting over-subscribed by 5.40 times.

Maruti Suzuki raised the prices of its cars by between Rs 1,700 and Rs 17,000 across its entire product range. Prices were increased to factor in a rise in commodity and other input prices.

Global Markets

Indonesia stocks were higher after as gains in the Mining, Financials and Property sectors led shares higher.

Japan’s Nikkei share average ended lower hit by declines in automakers and electronic component makers as the strong yen soured investor appetite. Bitcoin-related stocks also tumbled after South Korea’s justice minister said that the government is preparing a bill to ban cryptocurrency trading.

European share trading got off to a hesitant start on Thursday as concerns over protectionism and a bond market sell-off made the breakneck New Year rally in equities fizzle out. Results drove the bulk of stock moves, with some disappointments weighing heavily.

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