Benchmark indices traded volatile on account of announcement of Federal Budget 2018-19 and ended lower as the LTCG tax pulled the markets down. Domestic sentiment was also hit after the fiscal deficit target for 2017-18 was raised to 3.5 per cent of GDP as against 3.2 per cent earlier. Nifty traded lower 11031.30. FMCG stocks were the major gainers of the day and Pharma stocks were the major losers of the day.
Global Markets Update
European shares rose on Thursday following three days of losses, supported by a flurry of mostly positive results and gains by banks after the U.S. Federal Reserve
Vodafone Group PLC (VOD.LN) said Thursday that revenue for the third quarter of fiscal 2018 fell 3.6%, but added that its comparable revenue from selling
Jubilant FoodWorks, which operates Dominos Pizza and Dunkin Donuts chains in India, on Thursday reported over two-fold jump in its standalone net profit at 48.47 crore for the quarter ended September 30.
Birla Corporation Limited, the M P Birla group flagship company, would invest around Rs 2,400 crore for its proposed new cement plant at Mukutban near Nagpur for four mtpa greenfield cement plant at Mukutban.
Maruti Suzuki India on Thursday reported domestic sales of 1,39,189 units in January, up 4 per cent, compared with 1,33,768 units in the same month last year.Led by Baleno and Dzire, the compact segment grew around 22 per cent to 67,868 units during the month, compared with 55,817 units in January 2017, the company said in a statement.
The Rural Electrification Corporation Limited is set to complete the fund raising programme of the $ 1.5 billion dollar-denomiated bonds offer before March 2018.“The funds thus raised, with a shorter tenure of about 3 years, will be redeployed to refinance high cost debt
Japan’s Nikkei share average rose on Thursday, rebounding from a six-day losing streak and pushing most sectors into positive territory.The Nikkei rose 1.7 percent to 23,486.11 after declining for six straight sessions.
Taiwan stocks were higher after the close on Thursday, as gains in the Semiconductor, Paper & Pulp and Other Electronic sectors led shares higher.At the close in Taiwan, the Taiwan Weighted added 0.51%.
Australia stocks were higher after the close on Thursday, as gains in the Consumer Discretionary, Financials and Metals & Mining sectors led shares higher.At the close.
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