Live Equity Trading Tips & Market Updates

The key barometers reversed early gains and ended with modest losses on Tuesday. The Sensex hit an all-time of 41,120.28 while the Nifty hit an all-time high of 12,132.45 in morning trade. India’s GDP data for September quarter is scheduled to be published on Friday, 29 November 2019. On political front, Devendra Fadnavis has resigned as the chief minister and Ajit Pawar has resigned as the deputy chief minister of Maharashtra ahead of tomorrow’s floor test. The BJP has summoned its MLAs at Wankhede Stadium tonight.  

Global Markets

South Korea’s Hyundai Motor has signed a preliminary deal to build a new factory in Indonesia, which would be its first car plant in Southeast Asia.European shares were slightly lower after a strong start to the week, as investors sought concrete signs of progress in U.S.-China trade talks, while London’s Compass Group tumbled after signaling softness in its European business.The benchmark index (STOXX) was down 0.2%.

Stock Snippets

InterGlobe Aviation fell 2.62% after media reports suggested that the Directorate General of Civil Aviation (DGCA) was dissatisfied with Indigo’s efforts to modify the glitch-prone older Pratt & Whitney (PW) engines installed on Airbus A320Neo aircraft.

Ashok Leyland signed a Memorandum of Understanding (MoU) with ICICI Bank to enter into a strategic financing partnership for two years.

Zee Entertainment has appointed three new independent directors in lieu of two independent and one nominee director of Essel Group. Also, Subhash Chandra stepped aside as the chairman of the company.

DLF to invest Rs 1500 cr on new commercial project in Gurugram.

Goodyear India will close its manufacturing operations of Ballabgarh plant, Haryana from November 25-30.

Tata Power set to clinch power distribution licence in central Odisha.

Global Markets

Japan stocks were higher after the close on Tuesday, as gains in the Paper & Pulp, Railway & Bus and Real Estate sectors led shares higher.The Nikkei 225 gained 0.35%. Australia stocks were higher after the close on Tuesday, as gains in the Healthcare, Energy and Gold sectors led shares higher.The S&P/ASX 200 rose 0.83%. Hong Kong’s Hang Seng Index was little changed.China’s Shanghai Composite was also flat, while the Shenzhen Component inched up 0.2%.

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