Domestic market ended with moderate loss on account of negative global cues which spoiled the sentiment. Key benchmark indices opened higher and hit intraday high in early trade. Then, Indices turned almost flat as the session progressed and in later trade, a fresh bout of selling pressure dragged indices to the day’s low. Nifty 50 lost 31 points and closed the day at 10741.10. Financial service sector was the major gainer and PSU banks were the major losers of the day.
Volkswagen’s Truck & Bus division plans an initial public offering and could raise more than 6 billion euros by listing a stake of around 25%, the division’s chief executive told Manager Magazin. Autos stocks were the outlier in a continued relief rally in European shares on Thursday, sinking after German carmaker Daimler warned profit would be hit by higher tariffs. Pan-European STOXX 600 (STOXX) gained 0.4%.
From USFDA, Cipla has received final approval for its Abbreviated New Drug Application (ANDA) for Testosterone Cypionate Injection.
Two orders worth Rs 1,000 crore bagged by BHEL from Telangana State Power Generation Corporation (TSGENCO) for supply and installation of emission control equipment at Kothagudem and Bhadradri thermal power stations.
Adani Transmission share prices rose 1.41%as the company has acquired 100% equity share capital of Ghatampur Transmission (GTL) from REC Transmission Projects Company (RECTPCL).
GAIL Gas, a wholly owned subsidiary of GAIL (India) and Uber have entered into a strategic partnership to promote the usage of CNG (Compressed Natural Gas) across various cities in India.
Coal India annuciated the commencement of Tranche IV of auction of coal linkages for non-regulated sector.
In energy, buildings, infrastructures and nuclear sectors, Axiscades Engineering Technologies and ASSYSTEM create joint venture.
Japan stocks were higher after the close on Thursday, as gains in the Gas & Water, Machinery and Fishery sectors led shares higher.The Nikkei 225 added 0.61%.
Philippines stocks were lower after the close on Thursday, as losses in the Property, Services and Industrials sectors led shares lower.The PSEi Composite declined 2.25% to hit a new 52-week low.
Taiwan stocks were higher after the close on Thursday, as gains in the Trading & Consumer Goods, Electricity and Biotech & Medical Care sectors led shares higher.
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