Free Online Stock Trading Tips 15 July 2019

Benchmark indices reversed some previous day’s gains on July 12 as traders turned cautious ahead of Infosys’ earnings and economic data due later today.

The BSE Sensex was down 86.88 points at 38,736.23 and the Nifty50 fell 35.20 points to 11,547.70.The broader markets outperformed front liners with the Nifty Midcap and Small cap indices rising 0.46 percent and 0.33 percent respectively.

Global Markets

Overseas, most European stocks open higher while most Asian stocks continued to trade higher on expectations of a rate cut by US Federal Reserve later this month.

In US, the Dow and S&P 500 rose on Thursday to close at record highs as health insurers gained after the Trump administration scrapped a plan designed to rein in prescription drug prices, while financial shares climbed with bond yields.

Stock Snippets

Himachal Futuristic Communications: Subsidiary HTL received a purchase order worth Rs 198.82 crore from Bharat Electronics for supply of various types of optical fibre cables.

Manpasand Beverages: Company to avail Rs 100 crore loan for working capital. Promoter Dhirendra Singh pledged entire stake.

TCS: Company launched Jile 3.0, a major release of its on-the-cloud Agile DevOps platform that helps companies of all sizes achieve enterprise agility.

DHFL agreed to sign an inter-creditor agreement (ICA) after Chairman Kapil Wadhawan sought their backing for the plan.

Tata Motors reported a 5% decline in global sales, including that of Jaguar Land Rover, to 95,503 units in June. It had sold 1,00,135 units in June last year.

KPR Mill becomes the first company to cancel its buyback plan after Budget 2019 imposed a tax on the repurchase of shares.

Gravita India started commercial production of aluminum cast alloys from its new plant in Tanzania, Africa.

Global Markets

Asian shares shuttled between small losses and gains on Friday as investors awaited China trade, lending and growth data, and as worries over Sino-U.S. trade tensions deflated optimism rooted in expectations of a Federal Reserve rate cut this month.

Australia stocks were lower after the close on Friday, as losses in the Gold, Metals & Mining and Industrials sectors led shares lower. At the close in Sydney, the S&P/ASX 200 lost 0.29%.

Japan stocks were higher after the close on Friday, as gains in the Paper & Pulp, Railway & Bus and Real Estate sectors led shares higher. At the close in Tokyo, the Nikkei 225 gained 0.20%.

Canada stocks were lower after the close on Thursday, as losses in the Healthcare, Real Estate and Materials sectors led shares lower

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