Daily Equity Tips For Best Outcome

Key equity benchmarks wiped off majority of the gains in last hour of session and ended marginally higher. Gains in pharma stocks were negated by weakness in auto stocks. The Nifty struggled to hold the 11,100-mark and ended below that level.The Sensex was up 52.16 points at 37,402.49, while Nifty was up 6.10 points at 11,053.90.  Among sectors, auto, FMCG and metal witnessed selling pressure, while buying seen in the infra, IT and pharma.         

Global Markets

Novartis plans to answer a U.S. senator who demanded details about data manipulation related to its gene therapy Zolgensma. Europe’s stock markets opened broadly higher on Monday, albeit supported by little other than weekend words from President Donald Trump and his staff on the trade war with China. The benchmark Euro STOXX 600 was up 0.5% at 371.53, while the U.K. FTSE 100 and the German DAX were both up 0.7%. 

Stock Snippets

Dr. Reddy’s Laboratories has launched Versavo, a biosimilar of Roche’s Avastin in India, indicated for the treatment of several types of cancers.

Sun Pharma and China Medical System Holdings entered into a licensing agreement for generic products to develop and commercialise seven generic products in mainland China.

INOX Leisure has discontinued the commercial operations of the multiplex cinema theatre situated at Poonam Mall, Wardhaman Nagar, Nagpur having 3 screens and 1068 seats.

KEC International has secured its first orders of Rs 845 crore in the emerging Regional Rapid Transit System (RRTS) and Metro sectors in India.

Glenmark Pharmaceuticals has received regulatory approval to market a combination of its novel, patent protected and globally‐researched sodium glucose co‐transporter‐2 (SGLT2) inhibitor Remogliflozin etabonate (Remogliflozin) and Metformin Hydrochloride (Metformin) film coated tablets in India.

Global Markets

Japan stocks were higher after the close on Monday, as gains in the Paper & Pulp, Railway & Bus and Real Estate sectors led shares higher. The Nikkei 225 gained 0.71%.

The Shanghai Composite Index (SSEC) rose 1.6%. MSCI’s broadest index of Asia-Pacific shares outside Japan gained 1.1%.

Australia stocks were higher after the close on Monday, as gains in the IT, Energy and Consumer Staples sectors led shares higher. The S&P/ASX 200 gained 0.97%.

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