Today’s Stock Trading Strategy & Tips

Domestic key benchmark indices tumbled, extending its sharp fall from the previous session, as concerns over escalating tensions surrounding the US-China trade war continued to haunt market participants. Indices opened on negative note and extended the losses as the session progressed. The Nifty 50 lost 150.60 points and settled the day at 11287.50. All the sectorial indices closed on negative note. Among them, FMCG and Realty sector were the major losers of the day.

Global Markets
A recovery in European shares stalled on Tuesday as uncertainty over a trade dispute between Washington and Beijing kept investors on edge. The STOXX 600 wavered around parity and was down 0.05%. Japan’s Renesas Electronics Corp agreed to buy Integrated Device Technology Inc for $6.7 billion, its second major acquisition as it deepens its push into semiconductors for self-driving cars.

Stock Snippets

BEML has launched an indigenously designed & developed nation’s first 205T Electric Drive Rear Dump Truck (Model BHQOS-E).
TVS Motor Company launched their super-premium motorcycle TVS Apache RR 310 at the National Automobile Dealers Association (NADA) Auto Show 2018 held in Kathmandu, Nepal.
An agreement signed between CLP India and Suzlon Group on 10 September 2018, in which CLP India has agreed to acquire 49% stake in Gale Solarfarms and Tornado Solarfarms, two special purpose vehicles (SPV) set]up by Suzlon
Container Corporation of India and Central Warehousing Corporation have entered into an agreement to form a Joint Working Group(JWG) to operate the CFS facility of Central Warehousing Corporation located at Pipavav Port
Sun Pharmaceutical Industries share prices jumped to 1.14% after the company said that one of its wholly-owned subsidiaries has agreed to acquire 18.75% stake in Israel-based Tarsius Pharma for $3 million.

Global Markets

Philippines stocks were lower after the close on Tuesday, as losses in the Mining & Oil, Holding Firms and Industrials sectors led shares lower. The PSEi Composite lost 1.03%.
Japan stocks were higher after the close on Tuesday, as gains in the Insurance, Shipbuilding and Banking sectors led shares higher. The Nikkei 225 gained 1.26%.
Taiwan stocks were higher after the close on Tuesday, as gains in the Other Electronic, Trading & Consumer Goods and Textile sectors led shares higher. The Taiwan Weighted gained 0.25%.

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