Effective Stock Trading Tips for Traders | 02 July

Market Snippet
Domestic bourses opened higher and firmed up as the session advanced. Though, after some range bound trading in mid session, key benchmark indices extended gains and hit fresh intraday high in late trade. Thus, equity market settled with strong gains bolstered by a recovery in global stocks. The nifty 50 gained 125.20 points and settled at 10714.30. The health of the market was strong. Metal and Realty sector were the major gainers of the day.

Global Markets
European shares strongly rose at the open, following the lead of Asian markets which rallied from nine-month lows as China eased foreign investment limits and provided investors a temporary respite to trade war fears. Deutsche Bank shares rose more than 3 percent on Friday, a day after its U.S. subsidiary failed a second part of the U.S. Federal Reserve’s annual stress tests.

Stock Snippets

UltraTech Cement share prices climb up 0.57% after the company annouced that it commissioned the second unit of 1.75 mtpa cement grinding capacity at Dhar in Madhya Pradesh.
Municipal Corporation of Greater Mumbai (MCGM) and Lupin announced a joint campaign to detect and address active cases of TB in Mumbai. This new 12- month project will involve comprehensive end-to-end TB detection, treatment and follow-up with door-to-door visits conducted in high-risk areas to identify symptomatic patients.
Share prices of Kalpataru Power advanced 4% after receiving order from RVNL for design, supply, erection, testing & commissioning for railway electrification, signalling and associated civil works of Rs 185 crore in a consortium.
Wipro, IT services firm, today annunciated that in Germany it has completed the divestment of its data centre business.
Cyient announced that its subsidiary, Cyient Solutions & Systems has been granted Industrial License by the DIPP, Ministry of Commerce & Industry.

Global Markets

Japan stocks were higher after the close on Friday, as gains in the Mining, Shipbuilding and Glass sectors led shares higher. At the close in Tokyo, the Nikkei 225 gained 0.15%.
Philippines stocks were higher after the close on Friday, as gains in the Property, Holding Firms and Industrials sectors led shares higher. At the close in Philippines, the PSEi Composite gained 1.80%.
Taiwan stocks were higher after the close on Friday, as gains in the Electronic Parts/Components, Plastic and Other Electronic sectors led shares higher. At the close in Taiwan, the Taiwan Weighted added 1.71%

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