Domestic equity indices rose to fresh highs, with Sensex crossing the 38,000 level for the first time, driven by select bank stocks. As per Nifty perspective, the indices opened on gap up note and throughout the session traded in a range bound.
The nifty 50 gained 20.70 points and settled the day at 11470.70. Overall market breadth is positive. PSU banks and Realty sectors were the major gainers and Pharma and Media sectors were the major losers of the day.
European shares retreated on Thursday as a new batch of corporate earnings triggered sharp price swings but failed to dispel fears about a tense geopolitical context with the China-U.S. trade tensions. The European STOXX 600 was down 0.4%. Mazda Motor Corp, Suzuki Motor Corp and Yamaha Motor Co improperly tested vehicles for fuel economy and emissions, the Japanese government said on Thursday.
Ramco Systems has won a software deal from AP Carqo Loqistic Network Corp., Philippines’ leading domestic provider of express logistics for air cargo and other goods.
J Kumar Infraprojects has secured order for part design and construction of viaduct and 5 elevated stations of metro Corridor (Line-6) of Mumbai Metro Rail Project for an amount of Rs 867.75 crore.
Construction engineering company Dilip Buildcon has announced of a provisional Letter of Award (LoA) from the Punjab State Power Corporation for developing and operating the Pachhwara central coal mine in Jharkhand’s Rajmahal coalfield.
ICICI Bank share prices jumped 4 % after it has debunked media reports which masked bad loans after it changed its accounting policy, which allowed these technical writeoffs.
Balrampur Chini’s board members have approved the setting up of a new distillery unit. This has increased the capacity of its distilleries by adding 160 KLPD. Thus, its total capacity now stands at 520 KLPD.
Philippines stocks were lower after the close on Thursday, as losses in the Holding Firms, Banking & Financials and Mining & Oil sectors led shares lower. The PSEi Composite fell 0.39%.
Japan stocks were lower after the close on Thursday, as losses in the Steel, Rubber and Glass sectors led shares lower. The Nikkei 225 lost 0.20%.
Taiwan stocks were lower after the close on Thursday, as losses in the, Trading & Consumer Goods and Paper & Pulp sectors led shares lower. The Taiwan Weighted lost 0.43%.
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