Domestic shares rose for a third straight trading session on Tuesday. An easing global trade war worries and expectations of more stimulus measures by the government boosted sentiment. A huge dividend from the Reserve Bank of India (RBI) to the government also supported buying.
The central board of RBI said it will transfer Rs 1,76,051 crore to the government, comprising of Rs 1,23,414 crore of surplus for the year 2018-19 and Rs 52,637 crore of excess provisions.
A unit of Russian conglomerate Rostec said on Tuesday it was ready for an out-of-court settlement with Boeing over its order for 35 Boeing 737 MAX jets. Global shares eked out gains on Tuesday as some investors held out hopes for a trade deal between the United States and China, even as the countries continued to raise tariffs on each other last week.
India’s Torrent Power is seeking a liquefied natural gas (LNG) cargo for delivery in October
Hindustan Unilever shares correct after a media report indicated that company cut key product prices in the range of 15-29 percent.
Tata Motors remained top gainer, rising 9 percent amid a media report that China may be considering to remove restrictions on auto purchases.
Strides Pharma Science to stop trading in NSE Derivative Segment from Nov 1.
Maruti Suzuki India Chairman RC Bhargava said the company had not renewed the contracts of 3,000 temporary employees, as the automaker battled rising inventory amid a slowdown in demand.
BHEL announced on Monday that it had bagged two more orders from NTPC. BHEL secured orders for emission control equipment for thermal power plants. These orders are valued at ~Rs2,500cr.
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