Beneficial Stock Tips by Market Expert

Market Snippet
After seeing gap-up opening, Domestic stocks turned volatile in early trade. Thereafter, domestic bourses extended gains and hit fresh intraday high in afternoon trade. In mid-afternoon trade, Key Indices pared gains as profit booking emerged at higher levels. Indices regained momentum in late trade. Sustained buying by domestic institutions in equity market propped up investor’s sentiment. IT sector were the major gainers and Auto sector were the major losers of the day.

Global Markets
U.S. consumer goods group Procter & Gamble will keep investing in Russian plants in 2018 and beyond, reaffirming its commitment to the market despite political risks. European stocks nudge higher in early trading on Thursday, though carmakers’ shares came under pressure after the U.S. launched a probe into auto imports.

Stock Snippets

Indiabulls Housing Finance approves rising of funds via issue of NCDs upto Rs 15,000 crore.
NMDC fixes prices of Lump Iron Ore at Rs 3,050 per tone with effect from May 23 and Iron Ore under Fines at Rs 2,660 per tone.
SEBI, Markets regulator imposed a penalty of Rs 4 lakh on AstraZeneca Pharma India and its three former senior officials for not complying with insider trading norms.
MEP Infrastructure Developers board of directors approved to enhance the limits for investment in the equity share capital of the company by registered foreign portfolio investor (including FlIs) from 24% to 100% of the company’s total paid-up equity share capital.
Sunteck Realty board members approved raising of funds upto Rs 2000 crore.
According to Mint report, RIL subsidiary invests Rs10 crore in KareXpert Technologies.
Pfizer Incorporation recalls 1.80 million vials of anti-biotics.

Global Markets

Japan stocks were lower after the close on Thursday, as losses in the Mining, Chemical, Petroleum & Plastic and Warehousing sectors led shares lower. At the close in Tokyo, the Nikkei 225 declined 1.11%.
Philippines stocks were higher after the close on Thursday, as gains in the Banking & Financials, Holding Firms and Property sectors led shares higher. The PSEi Composite rose 1.22%.
Taiwan stocks were higher after the close on Thursday, as gains in the Electricity, Biotech & Medical Care and Optoelectronic sectors led shares higher. The Taiwan Weighted rose 0.47%.

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