Benchmark indices ended higher on the rangebound day with Nifty able to hold above 11,000 mark. At close, the Sensex was up 125.37 points at 37,270.82, while Nifty was up 32.65 points at 11,035.70. About 1814 shares have advanced, 782 shares declined, and 151 shares are unchanged. Yes Bank, Tata Motors, Eicher Motors, Maruti Suzuki and JSW Steel were among major gainers on the Nifty.
While ONGC, Wipro, GAIL, HCL Technologies and Zee Entertainment are losers.
Overnight, Apple unveiled three new iPhones at the company’s annual product roll-out event in California. Shares of Apple suppliers traded higher in Asia today, with Japan-listed Sharp jumping almost 5%, while South Korea’s LG Display and Hong Kong-listed AAC Technologies gaining 1.8% and 1.9% respectively. Taiwan’s Largan Precision climbed 2.8%.
Indiabulls Real Estate plans to sell stake in four joint-ventures at an aggregate equity value of Rs4,420cr to Blackstone Group. The stake sale will help achieve the company its target of being zero net debt.
Glenmark Pharmaceuticals Inc., USA (Glenmark) has been granted final approval by the United States Food & Drug Administration (USFDA) for Clobetasol Propionate Foam, 0.05% (Emulsion Formulation), a generic version of Olux‐E Foam, 0.05%, of Mylan Pharmaceuticals Inc.
Sun Pharma increased stake in PJSC Biosintez Of Russia to 100% from 96.96% through purchase of shares.
TCS partners with Cisco to build solutions that accelerate digitaI transformation.
Voltas and Tata Power are partner to promote energy efficient ACs for consumers in Mumbai.
JSW Energy receives letter of award (LoA) for supply of 290 MW for a period of 3 years from the company’s Vijayanagar Plant
Japan stocks were higher after the close on Wednesday, as gains in the Paper & Pulp, Railway & Bus and Real Estate sectors led shares higher. At the close in Tokyo, the Nikkei 225 added 0.96% to hit a new 1-month high.
Australia stocks were higher after the close on Wednesday, as gains in the Materials, Metals & Mining and Resources sectors led shares higher. At the close in Sydney, the S&P/ASX 200 added 0.36%.
U.S. stocks were mixed, as gains in the Telecoms, Basic Materials and Oil & Gas sectors led shares higher while losses in the Consumer Goods, Consumer Services and Financials sectors led shares lower. At the close in NYSE, the Dow Jones Industrial Average gained 0.28% to hit a new 1-month high.
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