After a volatile trading session, domestic bourses ended with marginal losses. After opening higher due to positive global cues, key benchmark indices hit fresh intraday low. Though indices trimmed gains as profit booking emerged at higher levels. Indices witness selling pressure in mid afternoon trade and extend losses as the session progressed. The market breadth was weak. The Nifty 50 lost 23.35 points and settled the day at 10957.10. FMCG sector were the major gainers and Pharma sector were the major losers of the day.
Kobe Steel Ltd has been indicted by prosecutors over a data tampering scandal that shook the company last year. The company has been charged by Tokyo prosecutors for allegedly violating Japan’s Unfair Competition Prevention Act. Australia stocks were higher after the close on Thursday, as gains in the Industrials, IT and Metals & Mining sectors led shares higher. At the close in Sydney, the S&P/ASX 200 gained 0.36%.
Infosys announced that it has signed a Memorandum of Understanding (MoU) with the Bangalore Metro Rail Corporation (BMRCL) towards the construction of a station at Konappana Agrahara, in Electronics City.
From the United States Food and Drug Administration (FDA), Lupin received tentative approval for its Tadalafil Tablets USP, 2.5 mg, 5 mg, 10 mg, and 20 mg to market a generic version of Eli Lilly and Company’s Galls® Tablets, 2.5 mg, 5 mg, 10 mg, and 20 mg.
Mindtree is making a $2M gift to Stanford University’s School of Engineering to establish in perpetuity an endowed Faculty Scholar position with a preference for faculty whose academic focus is in artificial intelligence (AI).
From the USFDA, Cadilah Healthcare Limited got final approval to market Piroxicam Capsules USP (US RLD – Feldene Capsules) in strengths of 10 mg and 20 mg.
Trigyn Technologies has been awarded a five (5) year contract, to provide support services to the U.S. Army Software Engineering Center (SEC) located at Picatinny Arsenal, in Wharton, New Jersey.
Japan stocks were lower after the close on Thursday, as losses in the Mining; Trading and Insurance sectors led shares lower. At the close in Tokyo, the Nikkei 225 fell 0.13%
Philippines stocks were lower after the close on Thursday, as losses in the Holding Firms; Mining & Oil and Property sectors led shares lower. At the close in Philippines, the PSEi Composite declined 0.85%.
Taiwan stocks were lower after the close on Thursday, as losses in the, Auto and Textile sectors led shares lower. At the close in Taiwan, the Taiwan Weighted declined 0.07%.
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