Implement Stock Tips Now & Get Higher Returns

Key indices logged strong gains led by index heavyweights Reliance Industries, HDFC Bank and Infosys.  Intraday volatility was high due to the F&O contracts expiry of January 2019 series today, 31 January 2019. The market sentiment was boosted by data showing that foreign funds and domestic funds, both, were net buyers of Indian stocks yesterday, 30 January 2019. The Nifty settled above the psychological 10,800 mark after moving above and below that level in intraday trade. Investors will focus on interim budget to be announced on Friday, 1 February 2019.

Global Markets

Overseas, European stocks moved higher on Thursday as investors digested comments from the Federal Reserve’s latest meeting. Asian stocks edged higher as the Federal Reserve signaled it is putting further interest-rate increases on hold. US stocks rallied to close higher Wednesday, after scoring a boost from solid corporate results and a seemingly accommodative Federal Reserve.

Stock Snippets

Dewan Housing Finance Corporation (DFHL) fell 16.12% on reports the government has launched a probe into allegations of financial mismanagement against the company.

Container Corporation of India signed a memorandum of understanding with Russia based JSC Logistics for exploring logistics opportunities in Russia, India and international corridors.

Tata Metaliks rose 1% after the company said it received environmental clearance for increasing production at its existing facility in Kharagpur, West Bengal.

Thermax inaugurated its new manufacturing facility in Sri City, Andhra Pradesh.

L&T Hydrocarbon Engineering (LTHE), a wholly owned subsidiary of Larsen & Toubro, has won two significant orders from Indian Oil Corporation (IOCL).

BHEL has won two significant orders for primary side heat exchangers from the Nuclear Power Corporation of India Limited (NPCIL) worth Rs97cr.

Global Markets

Japan stocks were higher after the close on Thursday, as gains in the Steel, Shipbuilding and Glass sectors led shares higher. At the close in Tokyo, the Nikkei 225 added 1.06%.

Australia stocks were lower after the close on Thursday, as losses in the Telecoms Services, A-REITs and Financials sectors led shares lower. At the close in Sydney, the S&P/ASX 200 fell 0.37%.

 China stocks were higher after the close on Thursday, as gains in the Life Insurance, Banking and Financials sectors led shares higher. At the close in Shanghai, the Shanghai Composite gained 0.35%

(Click to submit your details) Just one step to get the best trading tips and Recommendation.

Leave a Comment

Your email address will not be published. Required fields are marked *