Better trades today - May 22 2012

Global Cues: The European stocks closed lower on Monday (May 21, 2012), FTSE100 declined by 1.33%, CAC40 fell by 0.13% and DAX slipped by 0.60%. The US stocks closed lower on Monday. Dow Jones fell by 0.59% and Nasdaq slipped by 1.24%. The Asian shares are trading higher on Tuesday (May 22, 2012). SGX Nifty up by 55 points. Events for the day: Results: Container Corporation of India, GTL, Opto Circuits (India), Power Finance Corporation, Wockhardt, Tata Power Co. Stock in news: Govt to provide Rs38,500 cr subsidy to oil cos for Q4 FY12. RBI to take steps to stabilise rupee: Gokarn. Cyrus Mistry, Mallika Srinivasan appointed on Tata Steel Board. ABB bags Rs175 cr order from NTPC.