Tricks Of The Successful Stock Market Trader

r-

1071-16

Market Snippet
Benchmark indices consolidated and ended at record high on the very first trading session of FEB F&O expiry trade session after the economic survey projected economic growth would be 7.0-7.5% in the year starting in April, up from a projected 6.75% for the current fiscal year. Nifty ended at 11137.65.
Auto shares were the major gainers of the day while PSU bank shares were the major losers of the day.

Global Markets Update
Facebook said it was publishing its privacy principles for the first time and rolling out educational videos to help users control who has access to their information, as it prepares for the start of a tough new EU data protection law.

Nikkei ended flat in choppy trade with gains in cyclicals such as memory chip makers offset by weakness in in shares sensitive to domestic demand, notably railroad and construction companies.

Nifty

r2

r1

r3

Stock Snippets

HDFC said it has reported net profit Rs 5,670.2 crore for the December quarter, a whopping growth of 233.3 percent year-on-year due to one-time gain after stake sale in life insurance business. Revenue from operations grew by 6.55 percent to Rs 8,667.15 crore in Q3, compared to Rs 8,133.78 crore in corresponding period.

Maruti Suzuki gained over 3 percent intraday as investors cheered the December quarter results. They largely reacted to the development of lesser royalty payouts by the firm, which it announced during the results declaration. Profitability was hit by lower other income due to mark-to-market impact on the invested surplus and higher tax expenses. Profit for year-ago quarter stood at Rs 1,747.2 crore.

Cipla, Aurobindo and Strides Shasun has received final approval for their Abbreviated New Drug Application (ANDA) for Tenofovir Disoproxil Fumarate Tablets, 300mg, from the USFDA. This is a generic version of Gilead Sciences’ Viread Tablets, 300mg which is indicated in combination with other antiretroviral (ARV) agents for the treatment of HIV-1 infection in adults. The final approval means that product is available for immediate commercialization in the US.

Global Markets

Asian shares extended their bull run amid upbeat corporate earnings and strong global economic growth, while the dollar struggled to bounce as the White House continued to complain of “unfair” trade practices by competitors.

Taiwan stocks were higher after the close on Monday, as gains in the Optoelectronic, Oil, Gas & Electricity and Plastic sectors led shares higher.

Indonesia equities were higher at the close on Monday, as gains in the Mining, Agriculture and Property sectors propelled shares higher. At the close in Jakarta, the Jakarta Stock Exchange Composite gained 0.30% to hit a new all time high

(Click to submit your details) Just one step to get best trading tips and Recommendation.

admin

Leave a Reply