After witnessing intraday volatility, key equity indices staged a late-afternoon rally and managed to end higher for the fourth straight trading session. After opening with small gains, indices pared gains in morning trade. Benchmarks firmed up once again in mid-morning trade and hit fresh intraday high in afternoon trade. Indices came off day’s high in mid-afternoon trade. Barometers rallied once again in late trade. The Nifty 50 gained 44.05 points and traded at 11713.20. Realty sector were major gainer and media sector were major loser of the day.
European shares treaded water following their strongest two-day rally since January, as Brexit uncertainty clouded sentiment with parliament deadlocked again over its exit from the European Union. European index was up 0.03%. Microsoft Corp and BMW Group launched an initiative to create an Open Manufacturing Platform that seeks to stimulate industrial innovation and speed the development of connected ‘smart’ factories.
Coal India breaches 600 million tonnes mark for the first time in production and off-take for 2018-19.
Cipla’s US arm signed a definitive agreement for an investment of $22 mn for asset co-development and licensing opportunity for Pulmazole drug with Pulmatrix.
Maruti Suzuki announced price hikes up to Rs689 across various models on account of regulatory compliances with effect from April 1.
Strides Pharma Science in its filing to the exchanges on Tuesday informed that its step-down wholly owned subsidiary has received approval for jointly developed Potassium Chloride Extended-Release Tablets from the United States Food & Drug Administration (US FDA).
Tata Power arm hands over combat management system for the indigenous aircraft carrier to the Indian Navy
Reliance Industries received SEBI’s approval to set-up two infrastructure investment trust -Digital Fibre Infrastructure Trust and Tower Infrastructure Trust.
Japan stocks were lower after the close on Tuesday, as losses in the Chemical, Petroleum & Plastic, Shipbuilding and Finance & Investment sectors led shares lower. The Nikkei 225 fell 0.02%.
China’s Shanghai Composite and the Shenzhen Component both traded 0.2% higher. Hong Kong’s Hang Seng Index edged up 0.1%.
Australia stocks were higher after the close on Tuesday, as gains in the IT; Consumer Discretionary and Healthcare sectors led shares higher. The S&P/ASX 200 rose 0.41%.
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