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Here Are Market Related News Stories To Prepare You For Today's Trading

BTVI Webdesk
Keeping a track of market related stories and developments can help you stay a step ahead when it comes to investments. Trading tips and brokerages for key stocks can also help you prepare for the day ahead.

Mumbai: Keeping a track of market related stories and developments can help you stay a step ahead when it comes to investments. Trading tips and brokerages for key stocks can also help you prepare for the day ahead.

Here are news updates that may have an impact on today’s trading in the market.

Global cues

  • Asian markets started on a muted note due to Donald Trump’s threat of tariff on European products. SGX Nifty indicated a flat to muted start while Japanese shares slipped in opening trade.

  • US stocks pulled back on Monday followed by a seven-day winning streak for S&P 500 and down ended lower after strong gains in the previous week. S&P 500 eked out 0.1 per cent, Nasdaq composite ended 0.2 per cent higher and Dow is two per cent away from record closing high.

  • European markets ended lower with Stoxx 600 closing 0.3 per cent down and German imports and exports fell more than expected in February. A tough earnings season is expected in Europe.

  • US Dollar index challenged three-day low near 97 as it came under pressure with yields of US 10-year note approaching 2.55 per cent.

  • Oil prices continued to climb to hit their highest in five months as Brent Futures, touched strongest level since November at $71.34 a barrel. WTI went up to $64.77/ bbl before easing to $64.58/bbl as prices jumped among Libyan conflict.

  • Gold topped one-week high on dollar weakness with spot gold up by 0.5 per cent and US gold futures settling $6.30 higher.

Stocks in news and brokerages which can help you make informed decisions for today’s trading day.

Asian Paints: The firm is assessing damages after a fire broke out at its manufacturing facility in Vishakhapatnam, Andhra Pradesh. While manufacturing operations of the plant have been affected, there won’t be any effect on business operations.

Tata Motors: JLR shuts down its plants in UK for five days over Brexit.

DLF: The government of Singapore has sold 6.7 crore shares of DLF at Rs 191/share in a bulk deal and Societe General bought 2.08 crore shares of the firm in a bulk deal.

Panacea Biotech: India Resurgence Fund to hold 10.4 per cent in the firm after investing up to $144 million. The investment includes issue of NCDs worth Rs 864 crore and the proceeds will be used for settlement with existing lenders as well as general working capital and growth requirements.

Delta Corp Q4 FY19: The firms revenue was up by 19.1 per cent, EBITDA was up by 30.3 per cent and PAT went up by 25.3 per cent. EBITDA margin was at 43 per cent vs 39.3 per cent.

Brokerages

Macquarie on L&T: O-P, TP Rs 1949

CLSA On Asian Paints: Downgrade To Sell, TP cut to Rs 1400 From 1565

CLSA On Sobha: Buy, TP Rs 628

Macquarie on Sobha Developers: Maintain O-P, TP Rs 600

MS on Sobha Developers: OW, TP Rs 605

Nomura on VA Tech: Reiterate Buy, TP of Rs 520

HSBC on Concor: Maintain Reduce, TP Rs 450

UBS on ONGC: Maintained ‘Buy’ with a price target of Rs 240.

HSBC on Vedanta: Maintained ‘Hold’; hiked price target to Rs 205 from Rs 200.

Nomura on HCL Tech: Maintained ‘Buy’ with a price target of Rs 1,235.

Edelweiss on Jet Airways: Downgraded to ‘Reduce’ from ‘Hold’; cut price target to Rs 177 from Rs 229.