Key benchmark indices ended sharply higher amid good buying support in private sector banks and oil sector stocks.The health of the market was positive. The Nifty 50 gained 100.30 points and settled the day at 10582.50. Private Banks was the major gainer and Pharma sector were the major losers of the day.On the economic front, India’s industrial production grew 4.5% in September compared with the upward revised 4.7% in August.
European shares rose in early deals on Tuesday as hopes for a de-escalation of the Sino-U.S. tariff war chased the previous session’s fears about a possible downfall of technology stocks after suppliers of Apple cut their forecasts. Italian phone group Telecom Italia sacked Chief Executive Amos Genish removing the man who some directors had viewed as an obstacle to their campaign for a more aggressive shake-up at the company.
InvaGen Pharmaceuticals, a Cipla subsidiary, on Tuesday, announced that it has entered into definitive agreements with two closing stages for a proposed acquisition of US-based Avenue Therapeutics.
NBCC has received a letter of appointment from the Ministry of AYUSH, Govt of India, for construction of All India Institute of Ayurveda, Yoga, and Naturopathy (AIIAY&N) in Goa.
Aurobindo Pharma entered into an agreement to purchase research and development assets from Australia based Advent Pharma, which deals in complex specialty generics
HCL Technologies announced partnership with NetBrain Technologies to offer network visibility and network automation capabilities for enterprise IT teams.
Shree Cements to add capacity in two plants located in Jharkhand and Odisha. The combined capacity addition will be 5.5 MTPA with a total investment of Rs903cr.
Lupin announced the launch of Atovane Oral Suspension USP launches in the U.S .
Japan stocks were lower after the close on Tuesday, as losses in the Shipbuilding, Construction and Mining sectors led shares lower.The Nikkei 225 declined 2.06%.Taiwan stocks were lower after the close on Tuesday, as losses in the , Oil, Gas & Electricity and Semiconductor sectors led shares lower.The Taiwan Weighted declined 0.56%.China stocks were higher after the close on Tuesday, as gains in the Media, Gas, Water & Multiutilities and Travel & Leisure sectors led shares higher.The Shanghai Composite rose 0.93%, while the SZSE Component index added 1.68%.