Live Stock Tips that increase your Wealth |18-Feb

Key benchmark indices ended with modest losses after a volatile session of trade.Domestic stocks edged lower in early trade on negative Asian stocksKey equity indices were trading near day’s low in afternoon trade. Local stocks staged a strong recovery in mid-afternoon trade tracking positive opening in European stocks. Recovery continued in late trade.The Nifty 50 lost 21.65 points and settled at 10724.40. All the sectorial indices ended in negative zone, among them Pharma and metal sector were major losers of the day.      

Global Markets

U.S. futures rose on Friday as Chinese President Xi Jinping said trade talks between the two biggest economies in the world would continue in Washington next week.

PepsiCo fell 0.5% in premarket trading on Friday, after saying its underlying profit this year would fall slightly this year, before rebounding in 2020.

Stock Snippets

Glenmark Pharma approved to spin off the innovation business into a new company in the USA. This new company will focus on the areas of immunology, oncology and pain management.

PNC Infratech arm received financial closure from NHAI for HAM Project in Uttar Pradesh whose bid cost was Rs2,159cr.

Siemens India said it will sell its leasehold interest in Gujarat property for Rs193.5cr to LM Wind Power Blades.

Alembic Pharmaceuticals announced that it has received approval from the US Food & Drug Administration (USFDA) for its Abbreviated New Drug Application (ANDA) Moxifloxacin Ophthalmic Solution USP, 0.5%.

Jet Airways informed that its board had approved a rescue deal which will make its lenders its largest shareholders and fix a near Rs8,500cr ($1.2bn) funding gap.

Coffee Day Enterprises gained 2% after the Income Tax Department released 74.90 lakh attached shares of IT firm Mindtree, owned by the company and its promoter V.G. Siddhartha.

Global Markets

Japan stocks were lower after the close on Friday, as losses in the Communication, Glass and Machinery sectors led shares lower.The Nikkei 225 fell 1.13%.

Australia stocks were higher after the close on Friday, as gains in the Telecoms Services, A-REITs and Energy sectors led shares higher.The S&P/ASX 200 rose 0.11%.

Canada stocks were higher after the close on Friday, as gains in the Energy, Industrials and Financials sectors led shares higher.The S&P/TSX Composite added 0.94% to hit new 3-months high. 

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