Domestic equity market logged moderate gains in a volatile session of trade. The Sensex provisionally settled a tad below the psychological 37,000 mark after scaling a record high above that level in late trade. The Nifty also scaled fresh record high in late trade. Trading was volatile during the day as traders rolled over positions in the F&O segment from the near month July 2018 series to August 2018 series. The July 2018 F&O contracts expired today, 26 July 2018. PSU Banks were the major gainers and media sector were the major losers of the day.
Toyota Motor Corp is doubling down on its investment in hydrogen fuel cell vehicles, designing lower-cost, mass-market passenger cars and SUVs. European stocks opened much higher on Thursday, pushing world stocks to new four month highs after the European Union and the United States agreed to negotiate on trade, easing some of the fears of a transatlantic trade war.
Dr. Reddy’s Laboratories has launched Hervycta® (Trastuzumab), a biosimilar of Roche’s Herceptin® in India, indicated for the treatment of HER2-positive cancers
Blue Star announced that its subsidiary, Blue Star Engineering & Electronics, has won a prestigious order of Rs 100 crore from Uttar Pradesh Medical and Health Services (UPMHS), Lucknow, for supply, installation, commissioning, and maintenance of 28 Medical CT Scanners at trauma centers
JSW Steel completed acquisition of 100 percent shares of Aferpi S.p.A and Piombino Logistics S.p.A and 69.27 percent of the shares of GSI Lucchini S.p.A.
India Cements announced that NCLAT, vide its Order dated 25 July 2018, disallowed all the appeals filed by several cement manufacturing companies, including India Cements, upholding the imposition of penalty of Rs.187.48 crore on the Company by Competition Commission of India (CCI) for contravening certain provisions of the Competition Act, 2002.
REC Limited board has approved proposal to raise to Rs 70,000 crore through debt instruments on private placement basis.
Japan stocks were lower after the close on Thursday, as losses in the Transportation Equipment, Communication and Railway & Bus sectors led shares lower. The Nikkei 225 declined 0.12%.
Philippines stocks were higher after the close on Thursday, as gains in the Holding Firms, Property and Industrials sectors led shares higher. The PSEi Composite added 2.02% to hit a new 1-month high.
Taiwan stocks were higher after the close on Thursday, as gains in the Information Services, Cement and Plastic sectors led shares higher. At the close in Taiwan, the Taiwan Weighted rose 0.41% to hit a new 1-month high.
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