Tips for Higher Returns in Stock Market

Market Snippet
Domestic bourses surged higher tracking the global development as the job data report form US suggested slowest hike in employment thus easing the fears of rate hike. Asian peers too traded bullish following the development. Nifty settled at 10739.85.

PSU Banks and Auto shares were the major gainers of the day while IT and Pharma stocks were the major losers of the day.

Global Markets Update
European shares traded higher amid good earning updates and gains in Nestle after the Swiss based food giant agreed a tie-up with Starbucks.

Air France KLM shares tumbled on Monday after the company’s chief executive statement that he would resign following the rejection of a pay deal by the airline’s staff.


Stock Snippets

On May 10, PC Jeweller board meeting is to consider the proposal for buy back of fully paid-up equity shares of the company.

Across the tenors, Bank of Baroda, Keeps marginal cost of funds based lending rate (MCLR) at existing level.
Final approval for Succinylcholine Chloride injection USP and tentative approval for Plerixafor injection received to Cadilah Healthcare from the USFDA.

The government is planning to bring state-owned insurer Life Insurance Corporation (LIC) under the ambit of corporate social responsibility (CSR). This would lead the insurance behemoth to spend at least 2 per cent of its surplus fund on social activities.

State Bank of India have filed insolvency petitions at the National Company Law Tribunal (NCLT) against more than a dozen Videcon group companies that cumulatively owe about Rs 13,000 crore.

On Friday, Indiabulls Ventures said its board has approved to raise around Rs 2,063 crore via share sale to certain foreign investors.

Global Markets

Japan stocks were lower after the close on Monday, as losses in the Chemical, Petroleum & Plastic, Mining and Warehousing sectors led shares lower. At the close in Tokyo, the Nikkei 225 declined 0.03%.

Philippines stocks were lower after the close on Monday, as losses in the Mining & Oil, Banking & Financials and Property sectors led shares lower. At the close in Philippines, the PSEi Composite lost 0.17% to hit a new 52-week low.

China stocks were higher after the close on Monday, as gains in the Software & Computer Services, Oil Equipment Services & Distribution and Real Estate Investments & Services sectors led shares higher.

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