Best Stock Trading Tips & Recommendations | 06 -June

Key indices settled with modest losses on selling pressure in index pivotals. The barometer index, the S&P BSE Sensex, fell 184.08 points or 0.46% at 40,083.54. The Nifty 50 index fell 66.90 points or 0.55% at 12,021.65. Investors are awaiting the Reserve Bank of India (RBI’s) decision on interest rate. Domestic stock market remains closed tomorrow, 5 June 2019 on account of Id-Ul-Fitr (Ramzan Id).The MPC of the RBI will announce its resolution under the Second Bi-monthly Monetary Policy Statement for 2019-20 on Thursday, 6 June 2019.

Global Markets

Samsung Electronics Co Ltd decided to cut the volume of mobile phone production at its plant in the Chinese city of Huizhou due to the impact of intensifying competition in the country. U.S. Stocks were higher after the close on Tuesday, as gains in the Technology, Basic Materials and Industrials sectors led shares higher.The DJIA added 2.06%, while the S&P 500 index climbed 2.14%, and the NASDAQ Composite index climbed 2.65%.

Stock Snippets

TCS launched MasterCraft TransformPlus v4.0 with new cognitive features for analysis and modernization of enterprise applications.

Dr Reddy’s Labs re-launched Zenatane (lsotretinoin capsules, USP), 10 mg, 20 mg, 30 mg and 40 mg in the US market.

Facilities of Cadila Healthcare Ltd. (Zydus Cadila)’s US arm, Nesher Pharmaceuticals (USA) LLC, have received 11 observations from the USFDA, the Indian pharma company stated.

Welspun Enterprises’s HAM project in Maharashtra received appointed date for the project as of May 26 from the Public Works Department. The project has achieved financial closure.

GE Power India awarded a contract worth Rs738.3cr by NTPC JV for engineering work on a full turnkey basis.

Mahindra’s arm entered into a partnership with Japan-based Mitsui to jointly develop and operate distributed solar power generation projects in India.

Global Markets

Canada stocks were higher after the close on Tuesday, as gains in the Healthcare, IT and Financials sectors led shares higher.The S&P/TSX Composite gained 0.94%.

Sweden stocks were higher after the close on Tuesday, as gains in the Consumer Services, Basic Materials and Financials sectors led shares higher.The OMX Stockholm 30 rose 1.26%.

Chinese shares also rebounded, with the benchmark Shanghai Composite up 0.4% and the blue-chip CSI 300 rising 0.5%, while Hong Kong’s Hang Seng advanced 0.6%.

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