Tuesday, 9 February 2016

Daily Indian Stock Market Trading Strategy by MarketMagnify

The outlook is a negative open. Investors will hope the Tuesday twist comes into play and indices recoup their losses towards the end of the session. Global markets will have to lend support. Investors will be looking forward to comments from the Federal Reserve Chairperson Janet Yellen today and on Thursday, when she testifies before the Congress about the economy and monetary policy. "Key results include Apollo Tyres, Aurobindo Pharma, Bharat Forge, Britannia, CESC, Dr Reddy’s Lab, Geometric, GMDC, Gulf Oil, Hindalco Industries, MOIL, Motherson Sumi, SAIL, Ramco Cement and Timken India."

Rural Electrification Corporation (REC) and Power Finance Corp (PFC) may buy Government's shares in state-owned NHPC, according to reports.

Shares of Digital marketing firm Lycos Internet zoomed 7.1% to Rs.29.30 on BSE on news that it will acquire 100% stake in Austria-based mobile solutions provider TriTelA Gmbh in an all-stock transaction giving it access to cloud-based technology that can help broaden its consumer services.

The Government has asked public sector companies to buy back shares in order to contain the fiscal deficit without cutting stimulus spending, according to reports.

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