Earn Daily Profit with Our Stock Tips | 22-Jul

Benchmark indices ended at two-month low on July 19 after Finance Minister Nirmala Sitharaman dashed hope of a tweak in FPI surcharge. Continued asset quality concerns in Q1 also spooked markets. The BSE Sensex was down 560.45 points or 1.44 percent at 38,337.01 and the Nifty50 plunged 177.60 points or 1.53 percent to 11,419.30. The broader markets also traded in line with benchmarks as the Nifty Midcap cracked 2.15 percent and Smallcap index declined 1.8 percent. All sectoral indices ended in red, losing 1-3 percent. Nifty Bank lost 660 points.

Global Markets

Ford Motor Co will lay off about approximately 200 employees in September at a Canadian manufacturing plant in Oakville, Ontario, with the possibility of more layoffs in January.Canada stocks were lower after the close on Friday, as losses in the Industrials, Telecoms and Healthcare sectors led shares lower. The S&P/TSX Composite lost 0.05%.

Stock Snippets

InterGlobe Aviation said that it has received communication from MCA to furnish explanations in relation to the complaint received from director and co-founder Rakesh Gangwal.

Cyient board announced the merger of Cyient DLM and Cyient Insights into the company.

Tata Motors incorporated wholly owned unit Brabo Robotics & Automation w.e.f July 17.

Reliance Jio pips Airtel to become India’s 2nd largest mobile operator in May

Cadila Healthcare is currently trading flat after the pharma company said that the USFDA has inspected its formulations manufacturing facility located at Baddi during July 15-19, 2019.

Dr Reddy’s Laboratories announced the launch of Fexofenadine HCI 60 mg and Pseudoephedrine HCI 120 mg Extended-Release Tablets, USP, an over-the-counter (OTC) store-brand equivalent of Allegra-D 12 HR Allergy and Congestion Extended-Release Tablets, in the United States market, as approved by the US Food and Drug Administration (USFDA).

Global Markets

U.S. stocks were lower after the close on Friday, as losses in the Utilities, Healthcare and Telecoms sectors led shares lower.The Dow Jones Industrial Average fell 0.25%, while the S&P 500 index fell 0.62%, and the NASDAQ Composite index declined 0.74%.

Sweden stocks were higher after the close on Friday, as gains in the Consumer Goods, Industrials and Technology sectors led shares higher. The OMX Stockholm 30 gained 1.78%.

Netherlands stocks were higher after the close on Friday, as gains in the Healthcare, Financials and Consumer Services sectors led shares higher. The AEX rose 0.05%.

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