The benchmark indices ended higher after a roller-coaster session on Wednesday. After starting the day in the green, the indices sharply pared gains and hit the day’s low in mid-afternoon trade. Strong buying support in the final hour of trade pushed the Nifty above 11,900.
Trading sentiment took a hit in morning trade after the Asian Development Bank (ADB) lowered India’s growth forecast.
Saudi Aramco shares surged the maximum permitted 10% above their initial public offering (IPO) price on their Riyadh stock market debut on Wednesday. European shares fell on Wednesday as the deadline approached for new U.S. tariffs on Chinese goods, while two major central banks held policy meetings. Euro STOXX 600 fell 0.3%.
ADNOC and Reliance Industries sign agreement to explore development of Ethylene Dichloride facility in Ruwais
Ministry of Technology and Communications, Oman and Wipro ink MoU to launch a Center of Excellence for open source.
Adani Transmission informed that its subsidiary Adani Electricity Mumbai Limited (AEML) and a subsidiary of Qatar Investment Authority (QIA) – Qatar Holding LLC, have signed definitive agreements for the sale of 25.1% stake in AEML and for shareholder subordinated debt in AEML.
Vodafone Idea clarified to the exchanges with respect to a recent news item captioned “Vodafone Idea will shut in absence of govt relief, says Chairman Kumar Mangalam Birla.”
Yes Bank’s board is willing to favorably consider the offer of $500 million of Citax Holdings and Citax Investment Group. The binding offer of $1.2 billion submitted by Erwin Singh Braich / SPGP Holdings continues to be under discussion.
Airtel and Dish TV agree on structure of DTH merger.
Japan stocks were lower after the close on Wednesday, as losses in the Paper & Pulp, Railway & Bus and Real Estate sectors led shares lower. The Nikkei 225 lost 0.14%.
Australia stocks were higher after the close on Wednesday, as gains in the Utilities, Telecoms Services and Healthcare sectors led shares higher. The S&P/ASX 200 gained 0.68%.
The Shanghai Composite inched up 0.1%, while the Shenzhen Component gained 0.4%. Hong Kong’s Hang Seng Index dropped 0.2%
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