The market snapped a four-day rally on Thursday, due to profit booking. Key benchmark Indices were trading with small losses in early trade. Benchmarks firmed up and hit fresh intraday high in morning trade. Indices reversed trend and traded near day’s low in mid-morning trade. Indices extended losses in afternoon trade and hit fresh intraday low in mid-afternoon trade. The Nifty 50 lost 33.55 points and settled the day at 10821.60. Private Banks were major loser and Pharma sector were the major gainers of the day.
Overseas, European shares were trading lower as investors focused on trade war developments and monetary policy in the US. Most Asian shares were trading lower. China’s Producer Price Index (PPI), which measures price increases before they reach the consumer, in December rose 0.9% on-year. That compares with the 2.7% year-on-year increase in November.
Ashok Leyland has bagged orders for 2,580 buses from Institute of Road Transport, Chennai, Uttar Pradesh State Roadways Transport Corporation and Chandigarh Transport Undertaking.
Glenmark Pharmaceuticals Ltd. announced that its Suisse subsidiary, Glenmark Specialty S.A., has entered into an exclusive licensing agreement with Yuhan Corporation for commercializing its novel nasal spray Ryaltris in South Korea.
The Government of Andhra Pradesh (GoAP) signed an MoU with the Adani Group to build Data Center Parks up to 5 GW capacities in and around Visakhapatnam over the next 20 years.
Dilip Buildcon has received the ‘Silver Award at the National Highway Award for Excellence, 2018 ‘by the Ministry of Road Transport and Highways, Government of India.’
Maruti Suzuki India fell 1.3% after the company today announced a price change for select models owing to increase in commodity prices and foreign exchange rates.
Infosys will announce Q3 December 2018 results on Friday, 11 January 2019.
Japan stocks were lower after the close on Thursday, as losses in the Retail, Chemical and Electrical/Machinery sectors led shares lower. At the close in Tokyo, the Nikkei 225 declined 1.29%.
China stocks were lower after the close on Thursday, as losses in the Real Estate Investments & Services, Telecoms and Mobile sectors led shares lower. At the close in Shanghai, the Shanghai Composite lost 0.36%.
Taiwan stocks were lower after the close on Thursday, as losses in the Oil, Gas & Electricity and Plastic sectors led shares lower. At the close in Taiwan, the Taiwan Weighted fell 0.18%.
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