Domestic bourses logged strong gains on buying frenzy in index pivotals led by Infosys, HDFC and HDFC Bank. Due to positive Asian stocks, local stocks drifted higher in early trade. Buying frenzy in late trade propelled indices to fresh intraday high.Though the trading was highly volatile during the day as traders rolled over positions in the F&O segment from the near month May to June 2018 series. Financial Services were the major gainers and Pharma sectors were the major losers of the day.
European shares inched higher on Thursday as investors waited to see whether Italy’s political crisis would finally be resolved and fresh trade war fears weighed on German automakers.
IBM has reportedly laid off 50% to 70% of the workforce at its Watson Health operation, primarily at recent acquisitions for which Big Blue paid at least $3.6B.
National Company Law Appellate Tribunal (NCLAT) allows Vedanta Limited to make Rs 5,320 crore upfront payment for Electrosteel Steels.
ICICI Bank plunged 2 per cent on Thursday after the board ordered an independent probe against its CEO Chanda Kochhar for violateing the bank’s code of conduct, rules on conflict of interest and was part of quid pro quo dealings with certain bank borrowers.
Granules India launched generic Methylergonovine tablets in partnership with Hikma.
Bulk tea major McLeod Russel (India) share prices droped 3% when company decided to hive off some of its tea estates and decided to buyback shares at a price not exceeding Rs 210 per share upto an aggregate outgo of Rs 100 crore.
Jamna Auto entered into a technology transfer and technical assistance agreement with Tinsley Bridge, UK.
From KSHIP, Government of Karnataka, Sadbhav Engineering receives hybrid annuity project worth Rs 995 crores.
Japan stocks were higher after the close on Thursday, as gains in the Mining; Gas & Water and Communication sectors led shares higher. At the close in Tokyo, the Nikkei 225 gained 0.83%.
Philippines stocks were higher after the close on Thursday, as gains in the Mining & Oil, Banking & Financials and Services sectors led shares higher. At the close in Philippines, the PSEi Composite rose 0.36%.
Australia stocks were higher after the close on Thursday, as gains in the Energy, Resources and Metals & Mining sectors led shares higher. At the close in Sydney, the S&P/ASX 200 added 0.38%.
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