Appreciable Stock Trading Tips To Make Profit 06-May

The benchmark indices traded flat on the last trading session of the week and closed with marginal loss at 11764.30.The global market cues remained however supportive for the market as falling crude oil prices supported the equity market around the globe.

Realty and PSU Bank shares were the major gainer of the day while IT and FMCG stocks were the major losers for the day.

Global Markets

Walt Disney Co would sell its interests in 21 regional sports networks and Fox College Sports to Sinclair Broadcast Group Inc for $9.6 billion. U.S. stocks were higher after the close on Friday, as gains in the Basic Materials, Industrials and Technology sectors led shares higher.The Dow Jones Industrial Average rose 0.75%, while the S&P 500 index climbed 0.96%, and the NASDAQ Composite index added 1.58%.

Stock Snippets

FMCG major Hindustan Unilever (HUL) on Friday reported a 13.84 per cent increase in its net profit at ₹1,538 crore for the quarter ended March 2019, against ₹1,351 crore in the year-ago period.

Godrej Properties has acquired the iconic RK Studios property located in suburban Chembur, established by Bollywood legend Raj Kapoor in 1948.

Birla Corporation a flagship company of the MP Birla Group, reported a two per cent decline in net profit at ₹128 crore for the fourth quarter ended March 31, 2019, as against ₹ 131 crore same period last year.

Godrej Consumer’s profit before tax in Q4 falls 32% to Rs 500.6 crore.Total revenue from operations during the quarter fell 3.06% to Rs 2,481.72 crore.

Bharti Airtel plans to kick off IPO of $5-billion Africa phone unit.

Global Markets

Canada stocks were higher after the close on Friday, as gains in the Materials, Energy and IT sectors led shares higher.The S&P/TSX Composite rose 0.51%.

Sweden stocks were higher after the close on Friday, as gains in the Consumer Services, Healthcare and Financials sectors led shares higher.The OMX Stockholm 30 added 0.41%.

Netherlands stocks were higher after the close on Friday, as gains in the Telecoms, Oil & Gas and Software & Computer Services sectors led shares higher.The AEX added 0.39%

(Click to submit your details) Just one step to get best trading tips and Recommendation.

Summary
Review Date
Author Rating
51star1star1star1star1star
admin

Leave a Reply