Live Stock Trading Tips of Current Market | 23-may

Key indices hovered in a small range in early afternoon trade. Volatility continued in afternoon trade as the key indices regained positive zone soon after sinking in negative zone.Volatility continued in afternoon trade as the key indices regained positive zone soon after sinking in negative zone. Key indices extended gains in mid-afternoon trade. Stocks pared gains in late trade.Investors are awaiting results of Lok Sabha polls due tomorrow, 23 May 2019. The Nifty 50 gained 28.80 points and settled at 11737.90.

Global Markets

Nordstrom Inc cut its forecast for full-year sales and profit after reporting weaker than expected first-quarter results that were hurt by the roll out of a new loyalty program and slow sales of full-priced women’s clothing. European shares edged lower as concerns over a protracted U.S.-China trade war again worried investors, while a drop in the pound propped up London’s blue-chip index. European STOXX 600 index was down 0.1%.

Stock Snippets

Tech Mahindra signs Rs300cr defence contract.

Government official examining PNB’s proposal to merge OBC and Allahabad Bank with itself and will announce 1 bank merger within 100 days if NDA comes to power

Lupin announced the launch of its Budesonide Inhalation Suspension, 0.5 mg/2 mL Single-Dose Ampules in the US market, having received an approval from the United States Food and Drug Administration (FDA) earlier.

Bharat Forge has entered into a share subscription agreement with Aeron Systems Pvt Ltd and its founders.

 Shares of Jet Airways surged nearly 7 percent intraday on reports that Etihad Airways, along with the Hinduja Group, has joined hands with AdiGro Aviation and Jet Airways founder Naresh Goyal to revive the Indian airline, which suspended operations on April 17.

Shares of KEI Industries added up to 8.7 percent intraday on May 22, its highest level since in August 2018.

Global Markets

Japan stocks were higher after the close on Wednesday, as gains in the Communication, Rubber and Banking sectors led shares higher. The Nikkei 225 gained 0.05%.

Australia stocks were higher after the close on Wednesday, as gains in the Consumer Discretionary, Energy and Industrials sectors led shares higher. The S&P/ASX 200 added 0.16% to hit a new 5-year high.

China stocks were mixed as traders remained cautious amid worries that the trade war between the U.S. and China could become protracted.China’s Shanghai Composite edged up 0.1%.

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