The market reversed losses and ended higher for third straight session amid high volatility, boosted by gains in IT shares. The Nifty regained 11,900 mark after slipping below that level in intraday. On the political front, Rahul Gandhi has reportedly called a meeting of senior Congress leaders at 4:30 pm today. Media reports suggest that Rahul Gandhi remains firm on quitting as Congress president after the party’s national election rout but may agree to lead the party in the Lok Sabha.
Tesla Inc is considering pricing its China-manufactured Model 3 vehicles between 300,000 yuan and 350,000 yuan ($43,431-$50,670) before subsidies. European shares dipped on Tuesday, dragged down by concerns about the budget deficit in Italy, while London markets were lifted by gains for mining shares. The pan-region STOXX 600 was down 0.2%.
Gruh Finance raise FPI limit: The company board approved an increase in the limit of total investment by all Foreign Portfolio Investors under the Portfolio Investment Scheme from 24% to 40% of the paid-up equity share capital of the company.
Shares of Dewan Housing Finance Corporation fell nearly 3 percent on media reports that the ministry of home affairs (MCA) has issued a lookout notice against the promoters of the company over non-existent shell companies.
Shares of Adani Gas surged more than 13 percent after the company almost doubled its net profit in the March quarter on the back of higher sales.
Dilip Buildcon executed EPC agreement with NHAI for a UP highway project of Rs 670.5 crore.
Shares of Yes Bank rallied more than 5 % intraday on a media report that the private sector lender is planning to exit its asset management business.
BEML has booked orders worth Rs 1,154 crore & executed orders of Rs 1,368 crore in Q4.
Asian shares rose on Tuesday, lifted by gains in China and as auto firms climbed on merger news, but broad uncertainties over trade and economic growth kept investor enthusiasm in check. Seoul’s KOSPI added 0.37%.
Japan stocks were higher after the close on Tuesday, as gains in the Marine Transport, Shipbuilding and Power sectors led shares higher. The Nikkei 225 rose 0.37%.
Australia stocks were higher after the close on Tuesday, as gains in the IT; Energy and Resources sectors led shares higher. The S&P/ASX 200 gained 0.51%.
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