Daily Equity Tips for Complete Profit

Key benchmark indices logged modest gains on steady buying demand in index pivotals.The Nifty 50 gained 46.75 points and settled at 11643.45. All the sectorial indices are ended in positive note. Among them Media and FMCG sector were major gainers of the day. On the macro front, industrial production data for February 2019 will be unveiled after market hours today, 12 April 2019. The inflation rate for March 2019 will also be announced today. 

Global Markets
U.S. electric vehicle maker Tesla Inc has started taking orders in China for a lower-priced version of its Model 3 car, as it seeks to expand its lineup and boost sales in the world’s biggest EV market.European shares ticked lower on Friday, dragged down by banks, while lingering worries over global growth kept investors on edge before the crucial earnings season in the United States. European STOXX 600 index was down 0.2%. 

Stock Snippets

Shares of Lupin were trading 2% higher on Friday after the company launched Testosterone Gel, 1.62% (20.25 mg/1.25 g pump actuation), having received approval from the United States Food and Drug Administration (FDA).

Jet Airways said that additional ten aircrafts had been grounded due to non-payment of amounts outstanding to lessors. It also suspended its operations to East and Northeast markets from Thursday

Lumax Auto Technologies announced its joint venture with JOPP, Germany to manufacture and supply transmission products to the Indian automotive industry.

Prabhat Dairy hit an upper circuit limit of 5% after the company said it completed the sale of its shareholding in its arm Sunfresh Agro Industries to Tirumala Products.

Cipla launches Niveoli™, India’s first extrafine ICS-LABA combination HFA inhaler

Dewan Housing Finance Corporation fell 1.01% after Brickwork Ratings downgraded the credit rating of the company.

Global Markets

Japan stocks were higher after the close on Friday, as gains in the Transportation Equipment, Communication and Retail sectors led shares higher. The Nikkei 225 rose 0.73% to hit new 3-months high.

China’s Shanghai Composite and the Shenzhen Component were down 0.4% and 0.3%.

Australia stocks were higher after the close on Friday, as gains in the Consumer Staples, Financials and IT sectors led shares higher. The S&P/ASX 200 rose 0.75%.

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