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The benchmark indices extended gains for second straight session, reacting to development on the US-China trade front. Media reports suggested that China and the U.S. have agreed to roll back tariffs on each other’s goods in phases as they work toward a deal between the two sides. The Nifty 50 index rose 46 points to 12,012.05, as per the provisional closing data. The index hit an intraday high of 12,021.40. The Nifty closed above the crucial 12,000-mark for the first time since 4 June 2019.

Global Markets

Lufthansa flight attendants went on a 48-hour strike over pay and pensions on Thursday, forcing the biggest German airline to cancel hundreds of flights.European shares rose for the fifth straight session on Thursday and hit their highest in four years as investors cheered signs of progress in U.S.-China trade talks and largely positive earnings reports from a host of companies. European STOXX 600 index (STOXX) rose 0.4%.

Stock Snippets

Larsen & Toubro has appointed MSTC as the selling agent for sale of scrap articles.

Infosys said that it has received letters from NSE, BSE, National Financial Reporting Authority and Registrar Of Companies (Karnataka) in relation to the anonymous whistleblower complaints.

Philips Carbon Black said that’s its Netherland arm has been liquidated in accordance with local laws of Netherlands. Intimation to this effect will also be sent to the Reserve Bank of India.

Max Financial Services and Mitsui have mutually agreed to terminate the proposed share transactionm, but both will continue their existing JV arrangements on Max Life Insurance.

HUL said that the National Company Law Tribunal, Mumbai Bench, has sanctioned the scheme of amalgamation among GlaxoSmithKline Consumer Healthcare and HUL and their respective shareholders and creditors

Global Markets

Asian markets were mixed in morning trade on Thursday amid reports that the signing of a phase-one trade deal between China and the U.S. may be delayed until December.

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 0.11% to hit a new 52-week high.

Australia stocks were higher after the close on Thursday, as gains in the IT; Consumer Staples and Gold sectors led shares higher. The S&P/ASX 200 added 1.00%.

China’s Shanghai Composite slipped 0.1%, while the Shenzhen Component gained 0.6%.

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