Domestic stocks ended with small losses after a volatile session of trade. Intraday volatility was high as traders rolled over positions in the F&O segment from the near month February 2019 series to March 2019 series. The February 2019 F&O contracts expired today, 28 February 2019.The Nifty 50 lost 14.15 points and settled at 10792.50. Realty sector were major gainer and IT sector were major loser of the day. Meanwhile, the Indian Air Force, Indian Army and Indian Navy will today hold a joint press conference at 17:00 IST.
Global stocks retreated for a third straight day as investors reduced their optimism over U.S.-Sino trade talks, while an early end to a U.S.-North Korean summit in Vietnam. European STOXX 600 index fell more than half a percent. Chinese startup Luckin Coffee, which has ambitions to overtake Starbucks at home this year, has tapped three banks including Credit Suisse to work on a U.S. IPO in 2019.
Jet Airways (India) fell 3.07% after the company said that seven more aircraft were grounded due to non-payment to lessors under their respective lease agreements.
Indraprastha Gas (IGL) has awarded Genesis Gas Solutions for the roll-out of its pre-paid smart gas metering system. Lupin announced the exclusive launch of its Ranolazine Extended-Release (ER) Tablets, 500mg and 1000mg.
Wipro signed an agreement to sell its ‘Workday and Cornerstone on Demand Business’ to Alight for $110 mn.
Shares of Odisha Cement, a flagship company of Dalmia Bharat, were trading 5% down after the company informed about illegal transactions of certain mutual funds.
TCS during market hours today announced that Sapix Yozemi Group (Yoyogi Seminar), a Japanese cram school chain, has selected TCS iON PAPER to transform the conduct of its spoken English tests and evaluation of candidate responses.
Japan stocks were lower after the close on Thursday, as losses in the Shipbuilding, Construction and Machinery sectors led shares lower. At the close in Tokyo, the Nikkei 225 fell 0.79%.
Australia stocks were higher after the close on Thursday, as gains in the Healthcare, Financials and IT sectors led shares higher. At the close in Sydney, the S&P/ASX 200 gained 0.30%.
The Shanghai Composite was down 0.7%. The Shenzhen Component, which opened higher earlier in the day, fell 0.2%. Hong Kong’s Hang Send Index slipped 0.2%.
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