INDIAN FACE
INDIAN EQUITY BENCHMARK
Asian Market- Asian markets finished mixed as of the most recent closing prices. The Hang Seng gained 1.31% and the Nikkei 225 rose 0.14%. The Shanghai Composite lost 0.30%.
U.S. Market – North and South American markets finished broadly higher on Wednesday with shares in Mexico leading the region. The IPC is up 1.32% while U.S.'s S&P 500 is up 0.29% and Brazil's Bovespa is up 0.26%.
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INDIAN EQUITY BENCHMARK
Indian benchmark indices held on to gains after making a positive start on Thursday mirroring global sentiment. The Sensex was trading higher by 242 points at 40,654, and the Nifty was up by 76 points at 11,986. Sectorally, all indices except Nifty Media and IT traded higher. Nifty Metal soared over 2% led by gains in Vedanta, SAIL, and Tata Steel, up 3% each. Hindalco, JSW Steel, and Hindustan Copper followed with 2% gains each. Nifty Auto also traded higher by 1.25%, driven by Tata Motors (+5%). Eicher Motors and Exide Industries followed, rising 2% each.
GLOBAL FACE
Asian Market- Asian markets finished mixed as of the most recent closing prices. The Hang Seng gained 1.31% and the Nikkei 225 rose 0.14%. The Shanghai Composite lost 0.30%.U.S. Market – North and South American markets finished broadly higher on Wednesday with shares in Mexico leading the region. The IPC is up 1.32% while U.S.'s S&P 500 is up 0.29% and Brazil's Bovespa is up 0.26%.
European markets- European markets are higher today with shares in London leading the region. The FTSE 100 is up 0.55% while Germany's DAX is up 0.28% and France's
CAC 40 is up 0.26%.
MARKET TALKS
Vodafone Idea denies report of plan to sell assets to Brookfield, Edelweiss.
Shares of Vodafone Idea are trading higher with a positive bias after the company clarified on the news item captioned "Vodafone Idea to sell some assets to Brookfield, Edelweiss" appearing in Media/Publication. The company said that the fact that it intends to monetize its optic fibre business and data canter was disclosed in the quarterly report sent to the stock Exchanges on 14 November, 2019.
Bank of Baroda to sell Trinidad & Tobago biz; stock up ~2%.
Bank of Baroda has signed a binding share purchase agreement (SPA) for sale of business of Bank of Baroda (Trinidad & Tobago) Limited (BOBTTL) with Ansa Merchant Bank Ltd., subject to approval from host country regulator - Central Bank of Trinidad & Tobago (CBTT). The Bank's whollyowned overseas subsidiary at Trinidad & Tobago viz. BOBTTL started its operations on 17.10.2007. As a part of rationalization of Bank's international operations, Bank has approved the sale of business of BOBTTL. Bank of Baroda is currently trading at Rs97.50 up by Rs1.85 or 1.93% from its previous closing of Rs95.65 on the BSE.
LTI wins multiyear engagement with Hoist Finance AB.
Larsen & Toubro Infotech Ltd. (LTI), a global technology consulting and digital solutions company has won a multiyear engagement with Swedish financial services company, Hoist Finance AB to manage its IT Operations. With presence in 11 European countries, Hoist Finance is headquartered in
Sweden and is listed on Nasdaq OMX Stockholm exchange. LTI will leverage its operate to transform approach to enhance stability, security and efficiency of Hoist Finance’s IT environment. Klaus-Anders Nysteen, CEO, Hoist Finance, said “To execute on our strategy and become the digital leader in our industry, requires a multitude of thought leadership and professionalism as well as extensive technological experience and capabilities.
NIFTY SPOT
NAME OF THE STOCK : TATAMOTORS
DATE : 13/12/2019
SEGMENT : CASH
CHART TYPE : Candlestick
EXCHANGE : NSE
TECHNICAL INDICATORS USED : VOLUME.MACD, RSI.
CHART
INVESTMENT ADVICE:
CALL CS CALL: - BUY TATAMOTORS CASH NR CMP 173 TGT 178 SL 170
RATIONALE FOR ARRIVING INVESTMENT ADVICE :
TECHNICAL VIEW : THE STOCK TECHINCALLY IS UP ,TAKING SUPPORT OF VOLUME.RESISTANCE IS BROKEN TODAY WITH
HEAVY VOLUME.AS WELL AS A POSSIBILITY OF UPWARD MOVEMENT IS THERE.
OTHER REASON IF ANY :- SHOWING STRENGTHS IN INTRADAY CHARTS AS WELL
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