Live Online Stock Trading Tips 17 February 2020

Key benchmark indices ended lower on Friday. Trading was volatile after the Supreme Court on Friday initiated contempt proceedings against telecom companies for non-payment of Adjusted Gross Revenue (AGR) dues and directed that all directors of the companies be present at the next hearing.The matter will be heard next on March 17. Global shares were mixed as investors monitored China’s coronavirus epidemic and updates on how badly it could dent growth in the world’s second-largest economy.   

Global Markets  

The U.S. government increase tariffs on aircraft imported from the European Union to 15% from 10%, ratcheting up pressure on Brussels in a nearly 16-year transatlantic dispute over aircraft subsidies. U.S. stocks were mixed after the close on Friday, as gains in the Utilities, Financials and Technology sectors led shares higher while losses in the Oil & Gas, Consumer Services and Telecoms sectors led shares lower.

Stock Snippets

Mahindra EPC Irrigation Limited (Formerly known as EPC Industries Limited), one of the major players in the Micro Irrigation Industry in the country, has announced Listing of its shares on National Stock Exchange of India Limited (NSE) w.e.f. February 14, 2020, besides existing listing on BSE Limited.

With all struggles to manage its wings in airline segment, Jet Airways, on Thursday has given a clarification to the exchanges on a report filed by MoneyControl, which said that ‘I-T Dept probes Jet Airways-Godrej Buildcon land development deal’.

GAIL (India) recently launched an online portal allowing third-parties to book natural gas capacity online. The company which owns 70% of the nation’s network, that is, 11,400km of natural gas pipelines, has allowed third-party access to natural gas pipelines since 2004.

PVR, India’s leading multiplex chain is leading the race to acquire Wave Cinemas, as per the ET report.

Laurus Labs received the USFDA approval for Metformin Hydrochloride tablets, which are used for treatment of diabetes.

Global Markets

France stocks were lower after the close on Friday, as losses in the Foods & Drugs, Gas & Water and General Financial sectors led shares lower.The CAC 40 lost 0.39%, while the SBF 120 index fell 0.26%.

Denmark stocks were higher after the close on Friday, as gains in the Real Estate, Healthcare and Consumer Goods sectors led shares higher.The OMX Copenhagen 20 rose 0.84% to hit a new all time high.

Germany stocks were mixed as gains in the Basic Resources, Financial Services and Utilities sectors led shares higher while losses in the Food & Beverages, Retail and Industrials sectors led shares lower.The DAX declined 0.01%, while the MDAX index climbed 0.14%, and the TecDAX index declined 0.44%.

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