Benchmark indices ended lower on Wednesday after Reserve Bank of India kept the key policy rate unchanged at 6 percent for the third consecutive time in view of firming inflation. Reverse Repo rate was also maintained at 5.75%. Global Market cues remained mixed. Nifty ended at 10465.55.
Realty shares were the major gainers of the day while IT stocks were the major losers of the day.
Global Markets Update
The global exosomes market size is expected to reach USD 2.28 billion by 2030, according to a new report by Grand View Research, Inc., exhibiting a CAGR of 18.8% during the forecast period. European shares broke a seven-day losing streak on Wednesday as investors took heart from a strong bounce on Wall Street at the end of a rollercoaster session. All sectors in Europe traded in positive territory helping the pan-European STOXX 600 index to rise 0.7 percent.
Drugmaker Lupin and Yoshindo’s joint venture YL Biologics has said that its late phase clinical studies on a biosimilar version of Etanercept (YLB113) have met with a successful outcome.
Hero MotoCorp unveiled 200cc adventure motorcycle, XPulse and two new 125cc scooters today in auto expo, which will hit the markets later this year.
Pharma firm Cipla has reported a 4.8 percent growth year-on-year in profit at Rs 403.5 crore in Q3FY18.The growth was largely supported by better-than-expected operational performance and tax reversal but restricted due to lower other income. Profit in year-ago quarter stood at Rs 384.91 crore.
SpiceJet reported healthy set of earnings for quarter ended December 2017. The stock price gained more than 7 percent.Consolidated profit during October-December quarter grew by 32.5 percent to Rs 239.4 crore compared to Rs 180.7 crore in previous year.
Private sector lender Yes Bank said today that it has raised USD 600 million (over Rs 3,847 crore) by issuing bonds in the international debt markets.
Japanese stocks pared early gains to end a notch higher in volatile trade on WednesdayThe Nikkei 225 share average ended 0.2 percent higher at 21,645.37, after climbing as high as 22,353.87 in early trade.
Britain’s major share index, FTSE 100 was up 0.6 percent at 7,185 points while other European bourses were also trading in positive territory at a roughly similar pace.
Philippines stocks were higher after the close on Wednesday, as gains in the Industrials, Services and Banking & Financials sectors led shares higher.At the close in Philippines, and the PSEi Composite gained 1.37%.
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