Free Stock Market Trading Tips & Updates

Key equity benchmarks fell on Tuesday in line with other global stock markets as investors panicked after the US decision to impose tariffs on Argentina and Brazil.

Concern about India’s slowing economic growth and unabated foreign fund outflows also weighed heavily on the market sentiment. Investors were also cautious ahead of the central bank’s monetary policy outcome on Thursday, 5 December 2019.

Global Markets

PG&E Corp did not properly inspect and replace transmission lines before a faulty wire sparked a wildfire that killed more than 80 people in 2018.European shares opened higher on Tuesday, attempting to claw their way back from three days of falls though the mood remained gloomy after U.S. President Donald Trump showed he was ready to open new trade war fronts despite signs of economic damage.

Stock Snippets

Biocon and Mylan launched Trastuzumab biosimilar in the US the Food and Drug Administration approved product was unanimously recommended by the regulator’s Oncologic Drugs Advisory Committee, Biocon said in an exchange filing. The drug is used to treat breast and stomach cancers.

United Spirits board approved the merger of the company’s listed arm Pioneer Distilleries with self.

ONGC is planning to invest about Rs1.6 lakh cr and Oil India Rs1,758cr in domestic exploration and production in the next five years, as per media reports.

Bank of Baroda is to consider raising capital funds through the issue of capital debt instruments on December 5.

Tata Motors has won an order to supply over 2,300 buses to five state transportation companies. The company said that it is working to complete the order by February 2020

Dr. Reddy’s Lab in focus as NCLT has said that an unsecured creditor meeting is to be held on Jan. 2 for considering amalgamation of Dr. Reddy’s Holdings and the company.

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