Today’s Strategy & Stock Trading Tips

Market Snippet
Domestic market tanked following the RBI’s MPC decision of increasing interest rate, besides the weaker global market cues on account of trade war between China and US as Washington’s threats of higher tariffs heightened investors’ fears about the Sino-US trade war, kept the domestic bourses under stress. Nifty ended the session to close at 11282.30. Pharma and Metal shares were the major gainers of the day while Realty, Auto and Banking shares were the major losers of the day.

Global Markets
A selloff in European shares was extended on Thursday with Germany’s DAX taking the brunt of investors’ anxieties over trade.The European STOXX 600 was down 0.5% with Germany’s top index dropping 1.1%. Alphabet Inc’s Google plans to launch a version of its search engine in China that will block some websites and search terms, two sources said, in a move that could mark its return to a market it abandoned eight years ago. censorship concerns.

Stock Snippets

Godrej Properties has reported a 65.41% decline in consolidated net profit at Rs 34.3 crore for the quarter ended June 30, 2018 against at Rs 99.17 crore in the year-ago period.
NCC has received two new orders worth Rs 689 crore in July from state government agencies.
Deepak Parekh re-appointed as a Non-Executive Director on the board of the country’s largest mortgage lender HDFC but nearly 23% of the shareholders voted against his continuation.
International Paper APPM has reported a standalone total income from operations of Rs 339.86 crore and a net profit of Rs 44.86 crore for the quarter ended Jun-2018.
Paints and coatings maker AkzoNobel India today reported 5.42 per cent increase in standalone net profit at Rs 43.51 crore for the April-June quarter
Drug firm Pfizer today reported 60.64 per cent rise in standalone net profit to Rs 91.84 crore for the first quarter ended June 30, 2018-19.

Global Markets

Philippines stocks were lower after the close on Thursday, as losses in the Services, Holding Firms and Industrials sectors led shares lower. The PSEi Composite lost 1.00%.
Indonesia stocks were higher after the close on Thursday, as gains in the Agriculture, Financials and Consumer Industry sectors led shares higher. The IDX Composite Index rose 0.01% to hit a new 1-month high.
Taiwan stocks were lower after the close on Thursday, as losses in the, Electronic Parts/Components and Textile sectors led shares lower. The Taiwan Weighted declined 1.52%.

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