The Nifty snapped four-day losing trend on Thursday amid broad based buying support, backed by positive global cues. Shares in global stock markets advanced after Federal Reserve Chairman Jerome Powell hinted at a possible rate cut later this month. The Nifty 50 index rose 84 points or 0.73% to 11,582.90, as per the provisional closing data. On domestic macro front, an RBI working group has suggested calibrated extension of forex market trading hours from 9:00 IST to 21:00 IST as it would help in gauging demand and potential benefits.
Nordea’s Swedish pension fund moved 22 billion Swedish crowns into investments with a lower carbon footprint and strict sustainability criteria in the first half of the year, saying the move was its biggest asset shift. European shares rose breaking a four-day losing streak, after U.S. Federal Reserve Chair Jerome Powell cemented hopes of an interest rate cut this month, lifting stock markets worldwide.European stocks benchmark rose 0.2%.
Reliance Infrastructure’s Inter-Creditor Agreement (ICA) signed amongst its 16 lenders.
Vedanta Ltd said it spent around Rs 10,000 crore in FY’19 on capital expenditure programmes.
DHFL has entered the twilight zone from where its fortunes may turn either way depending on the intent of the company management, content of its books and the view that its lenders take on the nearly Rs 1 lakh crore outstanding loans that are
Glenmark, Torrent Pharma ink licensing pact to co-market diabetes drug in India
Shares of InterGlobe Aviation Enterprises extended losses for the third straight session on Thursday amid reports that the issue between two promoters may drag the airline to NCLT.
Shares of Religare Enterprises jumped hit upper circuit limit of 10 per cent in Thursday’s trade after the company said the company has entered into an agreement with TCG Advisory Services to divest its entire stake in Religare Finvest (RFL).
World stocks rose, global bond yields fell and the dollar weakened after Federal Reserve Chairman Jerome Powell bolstered expectations the Fed would cut U.S. interest rates soon.
Japan stocks were higher after the close on Thursday, as gains in the Paper & Pulp, Railway & Bus and Real Estate sectors led shares higher. The Nikkei 225 added 0.51%.
Australia stocks were higher after the close on Thursday, as gains in the Gold, IT and Metals & Mining sectors led shares higher. The S&P/ASX 200 gained 0.39%.
Canada stocks were higher after the close on Wednesday, as gains in the Energy, Materials and Consumer Staples sectors led shares higher. The S&P/TSX Composite rose 0.11%.
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