Domestic bourses drifted higher in early trade boosted by global industrial production data for April and erased all its morning gains and settled the session with small gains amid volatility. Nifty able to close above 10,850 and Sensex above 35,700 mark. The market breadth turned negative.On the macro front, the annual consumer inflation rose to a four-month high due to costly petrol and diesel and a weak rupee. FMCG sectors were the major gainers and media sector were the major losers of the day.
European shares slipped lower on Wednesday as investors awaited further guidance from the Federal Reserve on future U.S. rate rise. The pan-European STOXX 600.STOXX fell 0.1%.Bloomberg reports that Apple has closed a loophole that allowed third-party apps to gather an iPhone user’s contacts and potentially sell on the data.
On 15 June 2018, Tata Consultancy Services (TCS) will hold a meeting of the Board of Directors of the Company to consider a proposal for buyback of equity shares of the Company. This lead to rise in share prices of TCS to 1.54%
Sun Pharmaceutical Industries share prices surged by 2.85% after the US drug regulator cleared the company’s Halol manufacturing plant in Gujarat.
Yes Bank is process of aquireing 10% stake in India International Clearing Corporation. The mode of acquisition will be from primary market.
A license agreement of Page Industries’ with Jockey International Inc. has been extended till 31st December 2040.
Reliance Industries (RIL) has completed the acquisition of majority stake from existing investors of Indiavidual Learning (Embibe), a leading Artifical Intelligence-based education platform.
Ruchi Soya Industries pulled higher by 3 percent as Adani Wilmar emerged as the highest bidder for the bankrupt firm.
Japan equities were higher at the close on Wednesday, as gains in the Railway & Bus, Transportation Equipment and Retail sectors propelled shares higher. The Nikkei 225 rose 0.38%.
Philippines equities were lower at the close on Wednesday, as losses in the Holding Firms, Mining & Oil and Property sectors propelled shares lower. The PSEi Composite lost 2.17%.
Taiwan equities were higher at the close on Wednesday, as gains in the Optoelectronic, Cement and Cement & Glass sectors propelled shares higher. At the close in Taiwan, the Taiwan Weighted added 0.26%.
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