Tips for Predicting Stock Market Returns

Key indices ended with modest losses weighed by selling pressure in late trade. Domestic stocks edged higher in early trade boosted by improved industrial production data for December.Volatility struck bourses in mid-afternoon trade as the key indices regained positive zone soon after sinking in negative zone. Fresh selling pulled the key indices to day’s low in late trade.The Nifty 50 lost 37.75 points and settled at 10793.65. IT sector were major gainer and PSU Banks were major loser of the day.     

Global Markets

European shares edged up on Wednesday as optimism about Washington and Beijing trade talks lifted global markets and data showed earnings growth forecasts for Europe are stabilizing after steep downward revisions.The pan-European STOXX 600 was up 0.3%. The European Union reached a provisional deal on Wednesday on new rules governing import gas pipelines including Russia’s planned Nord Stream 2.

Strides Pharma Science Ltd (Strides), announced that its step-down, wholly-owned subsidiary Strides Pharma Global Pte Ltd, Singapore, has received the US health regulator’s (USFDA) approval for Triamcinolone Acetonide Cream USP, 0.025%, 0.1%, and 0.5%.

Tata Power’s solar arm launched residential rooftop solution in Chandigarh.

HCL Technologies announced that it is it is a proud winner of the NASSCOM BPM Customer Excellence Awards 2018′ in Co-creation category.

Zydus Cadila has received the final approval from the USFDA to market Triamterene and Hydrochlorothiazide Capsules USP (US RLD -DYAZIDE), 37.5mg/25mg. It will be manufactured at the group’s formulations manufacturing facility at SEZ, Ahmedabad.

Buildings and Factories Business of L&T Construction has secured a Design and Build order for the construction of hospitals from a private developer in India.

Global Markets

Japan stocks were higher after the close on Wednesday, as gains in the Transportation Equipment, Communication and Chemical; Petroleum & Plastic sectors led shares higher.The Nikkei 225 gained 1.34% to hit a new 1-month high.

Australia stocks were lower after the close on Wednesday, as losses in the Healthcare, A-REITs and Telecoms Services sectors led shares lower.The S&P/ASX 200 declined 0.25%.

China’s Shanghai Composite and the Shenzhen Component gained 1% and 1.3% respectively. Hong Kong’s Hang Seng Index was up 0.9%.

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