Valuable Equity Trading Tips & updates

Domestic market ended the volatile session lower, recouping most losses after key indices plunged over 3% in afternoon trade on panic-selling in housing finance and banks stocks.Key benchmark imdices opened with negative note and traded with same sentiments throughout the day.

The Nifty 50 lost 91.25 points and settled the week at 11143.10.All the sectorial indices ended on red note. Among, them Realty and Private Banks sector were the major losers of the day.

Global Markets

European shares rose strongly at the open on Friday, extending their gains from the previous session as a relief rally due to easing fears of a trade war helped Wall Street hit record highs, while Asian shares also raised further overnight. Royal Bank of Scotland apologized for outages that hit its online and mobile banking services, the latest in a string of such failings at British banks which have drawn criticism from customers.

Stock Snippets

Dilip Buildcon said it has been declared L-1 bidder for Indore Metro Rail project, Phase -I, valued at Rs 228.96 crore by the Madhya Pradesh Metro Rail Co., Urban Administration and Development Department, Bhopal (M.P).

ICICI Bank informed that the board of the bank is scheduled to meet on 24 September 2018 to consider offshore fund raising in single/multiple tranches in any currency through public/private placement .

Share prices of private-sector lender YES Bank Ltd fell as much as 34 per cent as the Reserve Bank on Wednesday curtailed the term of Yes Bank’s founding CEO Rana Kapoor.

ITC informed that the company took possession of the property known as Park Hyatt Goa Resort & Spa located at 263-C Arossim, Cansaulim, Goa. The announcement was made on 20 September 2018.

Sun Pharmaceutical Industries has received the Australian Therapeutic Goods Administration (TGA) approval for its speciality product, ILUMYA (tildrakizumab) for the treatment of adults with moderate-to-severe plaque psoriasis who are candidates for systemic therapy.

Global Markets

Philippines stocks were higher after the close on Friday, as gains in the Banking & Financials, Property and Holding Firms sectors led shares higher.The PSEi Composite gained 3.48%.

Japan stocks were higher after the close on Friday, as gains in the Banking, Steel and Power sectors led shares higher.The Nikkei 225 added 0.86% to hit new 6-months high.

Taiwan stocks were higher after the close on Friday, as gains in the Oil, Gas & Electricity, Textile and Plastic sectors led shares higher.The Taiwan Weighted rose 1.30%

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