Step-By-Step Guide To Stock Trading Tips 11th-June-2019

Key equity barometers ended with decent gains on Monday, supported by positive global stocks. Investors concerns eased after the United States and Mexico struck a migration deal last week to avert a tariff war. Moreover, a weak US jobs data boosted hopes of interest rate cuts by the Federal Reserve. The Nifty regained 11,900 mark after slipping below that level in intraday trade. Meanwhile, the Reserve Bank of India on 7 June 2019 announced introduction of prudential framework for resolution of stressed assets with immediate effect.

Global Markets

European shares rose as strong export data out of China and the reaching of a deal between the United States and Mexico provided some relief to markets worried by the impact of President Donald Trump’s aggressive trade bargainingAmong other stocks, Thomas Cook’s shares rose 20.21% after a report that Hong Kong’s Fosun Tourism was in talks to buy its tour operating business.

Stock Snippets

State Bank of India introduced a new home loan product linked to the repo rate. Cuts rate for cash credit /overdraft of above Rs1 lakh by 25bps to 8%

The Reserve Bank of India imposed a penalty on Kotak Mahindra Bank for Rs2cr for deficiencies in regulatory compliance.

Bharat Heavy Electricals Limited (BHEL) has won three major orders in quick succession, for setting up Solar Photovoltaic (SPV) Power Plants totaling to 135 MW, on Engineering, Procurement and Construction (EPC) basis, in Maharashtra and Gujarat.

Shares of JSW Steel gained 1% after the company received approval from National Company Law Tribunal, Mumbai Bench for the Scheme of Amalgamation of its four units.

Bharat Forge entered into a joint venture agreement with Germany’s Refu Electronik for developing, manufacturing and selling on board controllers and components for e-mobility vehicles.

Global Markets

Japan stocks were higher after the close on Monday, as gains in the Shipbuilding, Chemical, Petroleum & Plastic and Finance & Investment sectors led shares higher.At the close in Tokyo, the Nikkei 225 rose 1.20%.

 Saudi Arabia stocks were higher after the close on Sunday, as gains in the Transport, Telecoms & IT and Financial Services sectors led shares higher. At the close in Saudi Arabia, the Tadawul All Share rose 2.15%.

Asian markets rose in morning trade, with Chinese stocks gaining about 1% following the release of better-than-expected May trade data. The Shanghai Composite and the Shenzhen Component traded 1.0% and 0.9% higher respectively.

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