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Key benchmark indices ended with modest losses after a volatile session of trade. Local indices drifted higher in early trade on buying demand in index pivotals Firmness prevailed on the bourses in mid-morning trade. Stocks reversed intraday gains and hit intraday low in negative zone in mid-afternoon trade. Indices hovered in negative zone in late trade. The Nifty 50 lost 38.20 points and settled at 11445.05. Meanwhile, Prime Minister Narendra Modi announced successful launch of the country’s Anti Satellite Missile System (ASAT).

Global Markets

Overseas, European stocks were trading lower, with investors unnerved over fears of a potential U.S. recession. Asian stocks were mixed after US stocks finished broadly higher on Wall Street.Brexit uncertainty continues to weigh on sentiment. U.K. Prime Minister Theresa May is set to address lawmakers of her own Conservative Party Wednesday.

Stock Snippets

NTPC has launched and priced an issue of 3.75% U.S.D 450,000,000 notes due 2024 on March 26, 2019.

Mindtree said its board has decided not to proceed with a buyback of equity shares of the company.

Adani Ports & Special Economic Zone has recorded cargo movement of more than 200 million metric tonnes (MMT). It became the first Indian port operator to achieve the milestone.

RBI imposed an Rs2cr penalty on Punjab National Bank during the assessment of the implementation of SWIFT-related operational controls.

Ireland’s HMPRA and the UK’s MHRA carried out a joint inspection of Wockhardt’s Aurangabad facility. The company said that HPRA has granted GMP certificate for the aforementioned facility for a period of three years until January 2022.

Tata Power Company rose 1.01% after the company said that MERC has approved 700 MW power purchase arrangement between distribution and generation business.

Global Markets

Australia stocks were higher after the close on Wednesday, as gains in the IT, Metals & Mining and Financials sectors led shares higher. At the close in Sydney, the S&P/ASX 200 gained 0.09%.

Japan stocks were lower after the close on Wednesday, as losses in the Chemical, Petroleum & Plastic, Communication and Finance & Investment sectors led shares lower. At the close in Tokyo, the Nikkei 225 declined 0.23%.

Japan stocks were lower after the close on Wednesday, as losses in the Chemical, Petroleum & Plastic, Communication and Finance & Investment sectors led shares lower. At the close in Tokyo, the Nikkei 225 declined 0.23%.

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