Accurate Stock Tips & News Updates | 21 May

Market Snippet
Weakness persisted on the bourses in mid-afternoon trade as index pivotal remained gripped in selling pressure. Domestic stocks drifted lower in early trade and continue to trade in negative zone as the session progressed. Sentiment was weak due to political uncertainty in Karnataka, Crude oil prices hovering near the $80 per barrel mark and sustained selling from foreign funds dented sentiment. FMCG sector were the major gainers and Pharma and Metal sectors were the major losers of the day.

Global Markets Update
Boeing Co won approval from the U.S. regulator Federal Aviation Administration for the company’s new foldable wingtips for its latest 777 jets.
Canada stocks were higher, as gains in the Healthcare, IT and Clean Technology sectors led shares higher. At the close in Toronto, the S&P/TSX Composite gained 0.19%.

Stock Snippets

Sun Pharmaceutical Industries jumped 0.53% after the company annouced it launched generic version of Welchol tablets in US.
Fortis Healthcare receives letter from IHH Healthcare Berhad for extension of the acceptance period for the enhanced revised offer.
Gujarat State Fertilizers & Chemicals Ltd(GSFC) signs non-binding memorandum of understanding (MoU) with Centrex Metals.
Godrej Agrovet’s subsidiary Creamline Dairy to invest Rs 400 crore in 3 greenfield milk processing plants in Tamil Nadu.
On May 25, NBCC board meeting to consider recommendation of final dividend.
Scam-hit Punjab National Bank received a ‘warning’ from SEBI for its tardiness in complying with various mandatory norms in the wake of the Nirav Modi fraud
Bharti Airtel and Amazon India announced a strategic partnership with an aim to jointly drive smart phone adoption across the country.

Global Markets

Japan’s Nikkei share average rose to a 3-1/2-month high on Friday and scored its eighth straight weekly gain after a weaker yen lifted exporters, while financial stocks extended their rally as U.S. bond yields remained high.
Shanghai stocks close higher, blue-chip CSI300 index up Gains in Shanghai stocks led by Offshore Oil Engineering Co Ltd.
Peru stocks were higher after the close on Friday, as gains in the S&P Lima Juniors, Services and Electricity sectors led shares higher. At the close in Lima, the S&P Lima General gained 0.03%.

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