Successful Trading with Stock Tips and Guidance 7th Jan 2019

Domestic stocks snapped two-day fall to register modest gains on last trading day of the week Local stocks nudged higher in early trade as buying demand resumed in index pivotal after a two-day slide. Key benchmark indices hovered in positive zone in early afternoon trade. Indices extended gains in afternoon trade. Stocks extended gains in late trade.The Nifty 50 gained 55.10 points and settled the trade at 10727.35.PSU Banks were major gainer and IT sector were major loser of the day.

Global Markets

European shares were trading higher on Friday while most Asian stocks gained following news that the US and China will hold trade talks next week. Meanwhile, a survey released Friday reportedly showed that 57% of UK Prime Minister Theresa May’s Conservative Party members would rather withdraw from the European Union without a deal than stick with the government’s Brexit deal.

Stock snippets

Va Tech Wabag rose 2.31% to Rs 261.50 after Norges Bank acquired 3.31 lakh shares, or 0.61% equity, at Rs 259.53 each via bulk deal on NSE yesterday, 3 January 2019

Sun Pharmaceutical Industries fell 0.54%. Sun Pharma informed that its arm completed the acquisition of 100% stake in Japan-based Pola Pharma.

Reliance Communication files contempt plea for non-grant of NOC by DoT for spectrum sale to Jio.

Vascon Engineers gained 4.05%. Vascon Engineers said it concluded two transactions worth Rs 50 crore. The first transaction comprised sale of amenity plot along with school building to Infraschool Services Guragon for a total consideration of Rs 36.50 crore.

Tata Consultancy Services has been named a leader in the Zinnov Zones for lnternet of Things (IoT) Services, for the third consecutive year.

NHPC losses on Parbati-III power unit shutdown is at Rs30.14cr.

Global Markets

China stocks were higher after the close on Friday, as gains in the Software & Computer Services, Technology and Financials sectors led shares higher.At the close in Shanghai, the Shanghai Composite rose 2.05%.

Taiwan stocks were lower after the close on Friday, as losses in the , Semiconductor and Other Electronic sectors led shares lower.At the close in Taiwan, the Taiwan Weighted lost 1.16% to hit a new 52-week low.

Australia stocks were lower after the close on Friday, as losses in the IT, Consumer Staples and Industrials sectors led shares lower.At the close in Sydney, the S&P/ASX 200 lost 0.25%

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