Beneficial Tips & Reports For Stock Market

The market extended rally for sixth straight session on Thursday. The sentiment was boosted by foreign funds turning net buyers of Indian stocks in the past few sessions. Better-than-expected Q2 results from a few companies also supported buying. In the past six trading sessions, the Sensex surged 3.74% while the Nifty advanced 3.8%. Finance Minister Nirmala Sitharaman, while addressing Columbia University’s School of International and Public Affairs on Tuesday, said that more reforms to boost growth are on the anvil in the current year boost growth. 

Global Markets

UBS will cut up to 30 jobs in the major centres of Hong Kong, Singapore, Sydney and Tokyo after combining its global markets and banking businesses. U.S. stocks were lower as losses in the Technology, Industrials and Consumer Services sectors led shares lower. The Dow Jones Industrial Average declined 0.95%, while the S&P 500 index fell 0.39%, and the NASDAQ Composite index fell 0.83%.

Stock Snippets

Lupin Limited (Lupin) announced the receipt of the Establishment Inspection Report (EIR) from the USFDA for its Nagpur facility. The facility was inspected by the USFDA between August 5, 2019 and August 8, 2019.

L&T has signed an agreement to buy the entire stake of Old Lane Mauritius III Ltd in L&T Infrastructure Development Projects (L&T IDPL) for Rs47.997cr

Indoco Remedies said that its Clinical Research Organization, AnaCipher, located at Hyderabad successfully cleared the United States Food and Drug Administration (USFDA) inspection with zero 483s. The inspection was held from October 14-18, 2019.

Venus Remedies sold its patented product Elores to Cipla for the Indian markets. This drug is used for treatment of life-threatening infections caused by bacteria.

NOCIL has started trial runs towards manufacture of rubber chemicals at company’s plant in Dahej, Gujarat. In January 2018, the board had approved capex of Rs255cr for expansion of capacities in Navi Mumbai and Dahej.

Global Markets

Germany stocks were lower after the close on Friday, as losses in the Retail, Food & Beverages and Technology sectors led shares lower.The DAX declined 0.17%, while the MDAX index lost 0.40%, and the TecDAX index fell 0.81%.

France stocks were lower after the close on Friday, as losses in the Foods & Drugs, Gas & Water and General Financial sectors led shares lower.The CAC 40 fell 0.65%, while the SBF 120 index fell 0.59%. 

Saudi Arabia stocks were higher after the close on Sunday, as gains in the Real Estate Development, Energy & Utilities and Financial Services sectors led shares higher.The Tadawul All Share added 1.95%. 

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