Genuine Update Of Stock Tips

Market Snippet

Domestic bourses opened higher tracking positive trend in Asian stocks and extended gains as the session progressed amid high volatility. Trading was volatile on account of negative global cues and derivatives expiry later this week. The Nifty gained 35 points and settled at 10617.90.

Private Banks were the major gainers and IT sector were the major losers.

Global Markets Update

On Tuesday, European shares had choppy opening as a batch of first-quarter earnings failed to set a clear upward trend and chipmakers were weighed down by AMS’ warning of downturn in orders.

Swiss bank UBS(S:UBSG) on Monday, had failed to cheer up the investors after its flagship wealth management business missed forecasts.

Nifty

Stock Snippets

Allegation made on company on being successful bidder is in violation of Sec29A of IBC is incorrect clarified by JSW Steel.

Coal India is considering Rs 6500 crore provision for gratuity payout.

According to Mint, Tata Chemicals looking at opportunities related to exploration and import of lithium from Bolivia.

Tech Mahindra has tied up with Andhra Pradesh Government to establish cyber security operations centre in Vijaywada.

TCS official Race App developed by Tata Consultancy Services was downloaded by over 360,000 users and no of downlaods breaks world record.

To create long term business synergy for both CPSEs, Hindustan Copper & MOIL signed MoU.

To take over its Gujarat plant, Astron Paper enters into MoU with Balaram Papers.

Reliance Communications moves Supreme Court for time to pay Rs 770 crore to Department of Telecommunications.

Global Markets

Japan’s Nikkei shares were higher after the close on Monday, as gains in the Insurance, Banking and Finance & Investment sectors led shares higher. The Nikkei gained 0.99% percent to 22318.

Taiwan stocks were lower after the close on Tuesday, as losses in Glass & electricity sectors led shares lower. At the close in Taiwan, the Taiwan Weighted lost 1.10%.

Australia stocks were higher after the close on Tuesday. Gains in the Consumer Discretionary, Consumer Staples and Industrials sectors lead shares higher. At the close in Sydney, the S&P/ASX 200 gained 0.66%.

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