Safe Stock Trading Tips With Huge Profit

Key equity barometers ended with small losses on Thursday. Trading was volatile on account of weekly index options expiry today. Traders keenly watched the Assembly election results in Maharashtra and Haryana. Risk appetite was affected as BJP was seen struggling to reach majority mark of 46 seats in Haryana. After opening higher, the Nifty pared gains in early trade and slipped below 11,600 mark in mid-morning session. Bargain hunting emerged in the last hour of trade, which pushed index near 11,580 level.

Global Markets

Xcel Energy earnings missed expectations on revenue that fell short of forecasts. The firm reported earnings per share of $1.01 on revenue of $3.01B. European shares gained as upbeat results from German companies offset a dour profit forecast from Nokia and a mixed bag of business sentiment indicators ahead of the European Central Bank’s October policy meeting. European stock index (STOXX) rose 0.3%.

Stock Snippets

Maruti Suzuki India registered a massive 39.4 percent year-on-year decline in profit due to weak auto sales amid subdued demand in the economy.

Shares of Dewan Housing Finance Corporation (DHFL) were locked in the 5 percent lower price band at Rs 18.45 on BSE on October 24 after reports emerged its lenders will be sending findings of KPMG’s forensic audit report to debt-ridden DHFL to seek its reply.

Shares of Alembic Pharmaceuticals rose nearly 2 percent intraday on October 24 after the company’s joint venture received USFDA approval for Desonide Ointment.

Shares of Mahanagar Telephone Nigam Limited (MTNL) were locked at 5 percent upper circuit on October 24 after the government telecom company announced merger with Bharat Sanchar Nigam Limited (BSNL)

IT major Infosys fell 2.44%. Anonymous whistleblowers accused the chief executive officer (CEO) Salil Parekh and chief financial officer (CFO) Nilanjan Roy of unethical practices

Global Markets

Japan stocks were higher after the close on Thursday, as gains in the Paper & Pulp, Railway & Bus and Real Estate sectors led shares higher. The Nikkei 225 added 0.55% to hit a new 52-week high.

Indonesian stocks rose for a tenth straight day, the longest run of gains since 1995, as the nation’s currency and bonds racked up gains on bets President Joko Widodo will pursue tougher economic reforms in the second term. The benchmark Jakarta Composite Index of stocks advanced as much as 0.6%.

Australia stocks were higher after the close on Thursday, as gains in the Energy, Consumer Discretionary and Resources sectors led shares higher. The S&P/ASX 200 added 0.31%

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