Today’s Stock Market News & Trading Tips

Domestic market tumbled as the sentiment remained cautious after the government raised import tariffs on select goods and the central bank announced measures to ease liquidity concerns.
These changes aim at narrowing the current account deficit (CAD). The new rates will be effective from midnight.The new rates will be effective from midnight. The market breadth was weak. The Nifty 50 lost 76.25 points and settled the day at 10977.55. IT sector were the major gainer and realty sector and pharma were the major losers of the day.

Global Markets
European shares fell on Thursday on anxiety over Italy’s budget, with bank stocks the worst performers, also weighed on by a fall in U.S. bond yields after the Federal Reserve hiked rates again.The leading euro zone stock index slid 0.4%.Amazon.com Inc founder Jeff Bezos’s space startup Blue Origin LLC has won a contract to supply engines for United Launch Alliance LLC (ULA), the Wall Street Journal reported on Thursday.

Stock Snippets

NBCC (India) has received in principle approval from Air India to monetize/redevelopment of Air India Land parcel at Baba Kharag Singh Marg, Connaught Place and Vasant Vihar in the national Capital.
Hero MotoCorp comes in limelight as the company will make an upward revision in the ex-showroom prices of its motorcycles and scooters, effective 3 October 2018. The reason behind price hike is to offset rising raw material (and commodity) costs and currency depreciation.
Hindustan Petroleum Corporation Ltd (HPCL) and Tata Power have announced the signing of a Memorandum of Understanding (MoU) for the setting up of commercial charging stations for electric vehicles (e-vehicles) at the HPCL retail outlets and other locations across India.
Larsen and Toubro (L&T) has bagged orders worth Rs1,400cr, under its power business, from the NTPC to set up Flue Gas Desulphurisation (FGD) systems.
HCL Technologies announced a five-year infrastructure services deal with global diversified mining business Anglo American. HCL will also continue to provide regional and local service desk support and end-user computing services.

Global Markets

Philippines stocks were higher after the close on Thursday, as gains in the Property, Holding Firms and Services sectors led shares higher.The PSEi Composite rose 0.72%.
Japan stocks were lower after the close on Thursday, as losses in the Finance & Investment, Power and Automobiles & Parts sectors led shares lower.The Nikkei 225 fell 0.82%.
Taiwan stocks were higher after the close on Thursday, as gains in the Plastic, Trading & Consumer Goods and Cement sectors led shares higher.The Taiwan Weighted gained 0.55%.

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