Daily Forecast of Stock Market Tips

In a highly volatile session of trade, Key benchmark indices logged modest losses led by slide in index heavyweights Reliance Industries and HDFC. The Sensex provisionally regained the psychological 38,000 mark after sliding below that level in intraday trade. Global stocks dropped as heightened worries over international trade conflicts curbed investor appetite for riskier assets. The Nifty 50 lost 43.35 points and settled the day at 11476.95. Realty sector were the major loser and Pharma sector were the major gainer of the day.

Global Markets
European shares traded lower on Wednesday as trade tensions and growing worries about emerging market currencies cut investor appetite for risk assets. European STOXX 600 was down 0.7%. Toyota Motor Corp planned to recall around 1.03 million vehicles, including its gasoline-hybrid Prius model, in Japan, North America, and Europe.

Stock Snippets

Power Grid Corporation of India announced that its wholly owned subsidiary, Grid Conductors has filed an application for striking of its name from the records of Registrar of Companies under Section 248 of the Companies Act, 2013.

Strides Pharma Science announced that its step-down wholly owned subsidiary, Strides Pharma Global, Singapore, has received approval for Potassium Chloride Extended Release Tablets USP, 8 mEq (600 mg) and 10 mEq (750 mg) from the United States Food & Drug Administration (US FDA)
Zydus Cadila has received the final approval from the USFDA to market Acyclovir Sodium Injection, 500 mg and 1,000 mg single-dosevials (USRLD —Zovirax@forinjection).

Share prices of Cyient zoomed 5% after a joint venture between Cyient Ltd. and BlueBird Aero Systems, Israel, announced that it has received its first supply order from a unit of the Indian Army for SpyLite mini UAV systems for high altitude aerial surveillance.
Tata Consultancy Services has been recognized as a Leader and Star Performer in the Everest Group PEAK MatrixrM for Insurance Application Services.

Global Markets

Philippines stocks were lower after the close on Wednesday, as losses in the Banking & Financials, Property and Mining & Oil sectors led shares lower. The PSEi Composite lost 1.64%.
Japan stocks were lower after the close on Wednesday, as losses in the Rubber, Transport and Automobiles & Parts sectors led shares lower. The Nikkei 225 declined 0.44%.
Taiwan stocks were lower after the close on Wednesday, as losses in the , Oil, Gas & Electricity and Electronic Parts/Components sectors led shares lower. The Taiwan Weighted lost 0.24%.

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