Get Success In Equity Market With Trading Tips 14Th OCT.

Equity barometers ended with modest gains on Friday amid positive global cues fuelled by hopes of a trade deal between the US and China. After a gap up opening, the Nifty 50 index surged over 1% in morning trade. The trend sharply reversed in mid-morning trade with the Nifty briefly slipping into negative terrain below 11,200 mark. The 50-unit index recovered and traded with decent gains for most part of the session. Buying resumed in mid-afternoon trade, pushing the Nifty once again above its 200-day moving average.

Global Markets

Japanese shares rose to their highest level in over a week on Friday as the safe-haven yen eased on hopes of progress in US-China trade talks. Sentiment was also buoyed by a sharp jump in Seven & I Holdings, the country’s largest convenience store operator, after it announced a massive restructuring plan. The benchmark Nikkei average ended up 1.2 per cent at 21,798.87 points, its highest closing since Oct. 2.

Stock Snippets

Shares of Aurobindo Pharma fell more than 6 percent intraday after its promoter created a pledge earlier this week.

Shares of Infosys rallied 4.7 percent intraday ahead of its September quarter earnings scheduled to be announced later today.

Cipla rebounded more than 4.5 percent intraday after management clarified on Goa unit inspection, saying there are no data integrity and repeat observations.

Shares of Indiabulls Real Estate were locked in 5 percent upper circuit at Rs 43.40 intraday after its board on October 11 approved a Rs 500-crore share buyback proposal.

Bandhan Bank gained 20 percent intraday on October 11 amid reports that the stock could be added to the MSCI Index in the coming week. Gruh Finance, which merged with the private sector lender, also climbed 20 percent

State Bank of India (SBI) is bringing back processing fees on home loans, top-up plans and corporate and builder loans, as per a Times of India report.

Global Markets

U.S. stocks were higher after the close on Friday, as gains in the Basic Materials, Industrials and Technology sectors led shares higher. At the close in NYSE, the Dow Jones Industrial Average gained 1.21%, while the NASDAQ Composite index gained 1.34%

Germany stocks were higher after the close on Friday, as gains in the Software, Technology and Basic Resources sectors led shares higher. At the close in Frankfurt, the DAX gained 2.86% to hit a new 1-month high, while the MDAX index gained 1.22%, and the TecDAX index gained 2.83%.

Denmark stocks were higher after the close on Friday, as gains in the Oil & Gas, Personal & Household Goods and Financials sectors led shares higher. At the close in Copenhagen, the OMX Copenhagen 20 rose 0.64%.

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