Spot Your Benefit With Stock Trading Tips 17 June 2019

Market Outlook

After opening lower, the benchmarks continued hovering in a narrow range with modest losses for most part of the session. However, a steep selling pressure emerged in the final hour of the trade. The Nifty managed to end above the 11,800 mark after slipping below that level in late trade.All the sectoral indices ended lower led by FMCG, bank, auto, pharma, infra, metal, IT and energy.At close, the Sensex was down 289.29 points at 39,452.07, while Nifty was down 90.70 points at 11,823.30.

Global Markets

Boeing Co has been awarded a $6.5 billion U.S. defense contract for Joint Direct Attack Munition tail kits, spares, repairs and technical services. U.S. stocks were lower after the close on Friday, as losses in the Oil & Gas, Technology and Basic Materials sectors led shares lower.The Dow Jones Industrial Average lost 0.07%, while the S&P 500 index lost 0.16%, and the NASDAQ Composite index declined 0.52%.

Stock Snippets

Biocon has received the Certificate of GMP compliance from EMA for its Biologics Drug Product (DP) as well as Drug Substance (DS) facilities at Biocon Park, Bengaluru.

HDFC confirmed selling 3,10,00,000 equity shared representing 4.2% stake of the issue and paid up share capital of Gruh Finance.

Moody’s ups outlook on Adani Transmission to stable from negative

Shares of Smartlink Holdings touched 52-week high of Rs 109.80, rising 16 percent after company approved buyback of shares.

Aurobindo Pharma shares fell 5 percent on June 14 after the US health regulator pointed out data integrity lapses at finished dosages plant in Bachupally, Telangana.

Wockhardt shares rallied 3.7 percent after the US health regulator issued zero 483 observations for bioequivalence centre in Maharashtra.

Global Markets

Canada stocks were higher after the close on Friday, as gains in the Industrials, Financials and Materials sectors led shares higher. The S&P/TSX Composite added 0.39%.

Sweden stocks were lower after the close on Friday, as losses in the Technology, Basic Materials and Industrials sectors led shares lower. The OMX Stockholm 30 declined 0.53%.

Netherlands stocks were lower after the close on Friday, as losses in the Consumer Goods, Financials and Oil & Gas sectors led shares lower. The AEX declined 0.47%.

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