Key benchmark indices snapped two-day losing streak and ended with decent gains on Wednesday. Market steadied following a decline in crude prices Tuesday that spiked after a weekend attack on a Saudi oil facility. The Saudi oil minister said half of production that was cut already had been restored.
The Nifty 50 traded in a wide range in the positive terrain before closing with near 10,850 mark. NSE India VIX tanked 5.25% at 15.175.
Nissan Motor Co Ltd is looking to sell its vehicle parts and materials distribution business in a deal that may be valued at about $1 billion.European stocks were mixed Wednesday morning, amid investor caution ahead of an expected U.S. interest rate cut. The pan-European Stoxx 600 stood little changed from the previous session, with sectors and major bourses pointing in opposite directions.
Shares of cigarette company ITC rebounded from the 52-week low and Godfrey Phillips gained more than 5 percent on September 18 after Cabinet approves banning e-cigarettes
HCL Technoloaies has secured a contract with Aperam, a global player in stainless, electrical and specialty steel.
Tata Communications said company partnered with Conecta Wireless to address enterprises’ digital transformation needs.
Mindtree announced a new service, InnoApp for Kubernetes, enabling enterprises to deploy containerized cloud applications on Microsoft Azure, accelerating application setup and innovation.
Bharat Forge America, Inc., a wholly owned subsidiary of Bharat Forge is setting up a green-field forging and machining facility in North Carolina.
Axis Bank to launch QIP of USD 1.5-2 billion soon. Some FIIs, MFs may be inclined to participate in the QIP.
Japan stocks were lower after the close on Wednesday, as losses in the Paper & Pulp, Railway & Bus and Real Estate sectors led shares lower. The Nikkei 225 fell 0.18%.
China’s Shanghai Composite and the Shenzhen Component rose 0.3% and 0.1% respectively.
Australia stocks were lower after the close on Wednesday, as losses in the Energy, Telecoms Services and Consumer Staples sectors led shares lower. The S&P/ASX 200 fell 0.20%
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