Earn Big returns with our stock tips | 24 June

Key benchmark indices ended with robust gains on Thursday, supported by positive global stocks. The Nifty ended above 11800 mark. Strong rally in the final hour of trading session was supported by pharma, metal and banks stocks.Global shares traded higher after a dovish US Federal Reserve opened the door to further rate cuts. Following the Fed meeting on Wednesday, the US central bank left interest rates unchanged but opened the door for a possible rate cut in the future. The market breadth was also in favour of bulls.

Global Markets

Boeing is in talks with other airlines for sales of its grounded 737 MAX after receiving a letter of intent for 200 planes from British Airway.World stock markets rose on Thursday after the U.S. Federal Reserve signaled it was likely to cut interest rates next month, and the dollar and benchmark bond yields fell to multi-year lows. Euro STOXX 600 rose 0.66%.

Stock Snippets

Sun Pharma received Form 483 with four observations for Halol Plant.

Adani Green won bids for setting up 600 MW wind-solar hybrid power project by Solar Energy Corporation of India.

Ashok Leyland’s plant at Pantnagar will remain closed from June 24 to June 29 (both days inclusive) to align with the production and sales requirements.

Reliance Power gets CERC nod to meet new environment norms at Madhya Pradesh’s Sasan UMPP.

ONGC’s will be in focus as ONGC Videsh Ltd’s partners agree to invest $20bn in Mozambique LNG project.

Reserve Bank of India imposed a Rs10 Lakh fine on South Indian Bank for non-compliance with the directions issued by RBI on guarantees and Co-acceptances.

IndusInd Bank and Bharat Financial Inclusion shares gained more than 2 percent each on June 20 after both companies board members fixed July 4 as the record date for merger.

Global Markets

Japan stocks were higher after the close on Thursday, as gains in the Paper & Pulp, Railway & Bus and Real Estate sectors led shares higher. The Nikkei 225 added 0.60% to hit a new 1-month high.

China’s Shanghai Composite and the Shenzhen Component rose 1.4% and 1.0% respectively.

Australia stocks were higher after the close on Thursday, as gains in the Gold, IT and Utilities sectors led shares higher. The S&P/ASX 200 rose 0.59% to hit a new 5-year high.

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