Key equity market barometers ended with minor gains after a see-saw session on Thursday. Trading was volatile on account of weekly index options expiry on the NSE. Investors booked some profits after the US and China signed a preliminary trade agreement, expectations for which had driven global equities to record highs. On macro front, India’s trade deficit narrowed 22.3% to $11.25 billion in December 2019 from $14.49 billion in the same month a year ago.
RWE hit its highest level since September 2014 on Thursday on reports that it will get as much as 2.6 billion euros in compensation to close down its last coal plants.European shares rose on Thursday after the United States and China signed an eagerly awaited Phase 1 trade deal, giving some relief to markets that have been roiled by the 18-month standoff between the world’s two-largest economies. STOXX was up 0.3%.
Indian drug regulator, DCGI has approved Wockhardt’s two new antibiotics, EMROK (IV) and EMROK 0 (Oral), for acute bacterial skin and skin structure Infections including diabetic foot infections and concurrent bacteraemia based on the Phase 3 study involving 500 patients in 40 centres across India.
Strides Pharma Science Ltd. announced on Thursday that its step‐down wholly owned subsidiary, Strides Pharma Global Pte. Limited, Singapore, has received approval for Loratadine Softgel Capsules, 10 mg (OTC) from the United States Food & Drug Administration (USFDA). The product is a generic version of Claritin® Liqui‐Gels® Capsules, 10 mg, of Bayer HealthCare LLC.
Indian Oil Corporation has informed the exchange regarding the issue of unsecured debentures on private placement basis.
Yes Bank acquires 10.25% stake in Sical Logistics via pledge invocation. Further, Yes Bank has assured customers about the bank’s liquidity and stability.
CCI will probe anti-trust moves of Asian Paints against JSW Paints.
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 rose 0.07%.
China’s Shenzhen Composite rose 0.2%, while the Shanghai Composite slipped 0.1%. Hong Kong’s Hang Seng Index climbed 0.4%.
Australia stocks were higher after the close on Thursday, as gains in the IT, Consumer Staples and Financials sectors led shares higher.The S&P/ASX 200 added 0.67% to hit a new all time high.
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