Profitable Stock Trading Tips

Key equity benchmarks ended lower on Friday, dragged by weakness in index heavyweights. Negative Asian stocks put pressure on domestic bourses. Investors continued to be cautious as the G-20 summit, where the US and China will discuss trade relations; will begin in Osaka, Japan on Friday.

The Nifty 50 index fell 52.7 points or 0.45% to 11,788.85, as per the provisional closing data.PSU Banks were major gainer and metal sector were major loser of the day.        

Global Markets

Apple Inc is shifting manufacturing of its new Mac Pro desktop computer to China from the United States. The move comes at a time when the Trump administration has threatened to impose new levies to cover nearly all imports from China and pressured Apple to make its products in the United States. U.S. stocks were higher after the close on Friday, as gains in the Oil & Gas, Financials and Industrials sectors led shares higher.

Stock Snippets

Glenmark Pharmaceuticals said it has received ANDA approval for Ezetimibe and Simvastatin tablets, which are available in 10 mg/10 mg, 10 mg/20 mg, 10 mg/40 mg, and 10 mg/80 mg strenghts.

Country’s largest IT company Tata Consultancv Services informed that it has launched Pace Port, a new co-innovation and advanced research center designed to help customers successfully navigate their Business 4.0 transformation journeys in New York.

PVR opens 4 screens multiplex at Preston Mall, Hyderabad. This multiplex is equipped with BARCO 4K projection system, Harkness Silver Screen, next-generation 3D-enabled screens and Dolby Atmos surround sound system in all auditoriums.

DLF gained as much as 2 percent on June 28 after its promoters infused Rs 2,250 crore in the company against the issuance of new equity shares.

Shares of Dewan Housing Finance Corporation (DHFL) declined more than 7 percent on June 28 as company deferred Q4 earnings announcement.

Global Markets

Canada stocks were higher after the close on Friday, as gains in the Consumer Discretionary, Materials and Clean Technology sectors led shares higher. The S&P/TSX Composite added 0.46%.

Sweden stocks were higher after the close on Friday, as gains in the Basic Materials, Industrials and Healthcare sectors led shares higher. The OMX Stockholm 30 gained 0.34%.

Netherlands stocks were higher after the close on Friday, as gains in the Healthcare, Financials and Consumer Services sectors led shares higher. The AEX added 0.76%.

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