Beneficial Stock Tips & Market Updates

The Sensex and the Nifty ended with strong gains after hitting all-time highs on Tuesday. IT and metal shares were in demand while the Nifty Bank index hit a record high. Sentiment was buoyed on the back of cooling trade tensions between US and China. Inflows from foreign institutional investors (FIIs) also supported gains.  Among sectors, buying witness in metal, IT, auto, infra, FMCG and banking stocks, while some selling seen in the selected pharma names.  

Global Markets

Shares in European aerospace group Airbus rose on Tuesday, after archrival Boeing said it would suspend production of its best-selling 737 MAX jetliner in January. U.S. Stocks were higher after the close on Monday, as gains in the Oil & Gas, Utilities and Healthcare sectors led shares higher. The Dow Jones Industrial Average rose 0.36% to hit a new all time high, while the S&P 500 index climbed 0.71%.

Stock Snippets

Quick Heal Technologies has announced a strategic partnership with Big C Mobiles (South India’s most trusted mobile retail chain).

Shriram Transport Finance fell 1.09% after Standard & Poor Global Ratings revised its outlook on the company to negative from stable on weaker economic conditions.

Kolte-Patil Developers has received a remarkable response from home buyers based on its ‘ZABARDUS’ promotional campaign at the Life Republic. The ‘ZABARDUS’ campaign, which was launched on November 7, 2019 and ran till December 15, 2019, witnessed sales of 500 units with a booking value of Rs205cr.

Lupin announced that its subsidiary, Nanomi B.V. has completed the divestiture of the entire stake by 99.82% in Kyowa Pharmaceutical Industry Co. Ltd. (Kyowa) to Unison Capital Partners IV, LPS and Unison Capital Partners IV (F). L.P. (collectively referred to as ‘Unison’), pursuant to the satisfactory completion of all customary closing conditions.

NIIT Tech said its board will meet on December 23 to consider share buyback.

Global Markets

Japan stocks were higher after the close on Tuesday, as gains in the Paper & Pulp, Railway & Bus and Real Estate sectors led shares higher. The Nikkei 225 gained 0.47% to hit a new 52-week high.

Australia stocks were lower after the close on Tuesday, as losses in the Gold, Utilities and IT sectors led shares lower. The S&P/ASX 200 lost 0.04%.

China’s Shanghai Composite and the Shenzhen Component climbed 0.2% and 0.3% respectively.

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