Key benchmark indices dropped in early trade weighed by reports that Indian Air Force struck and destroyed a major terrorist camp across the Line of Control early on Tuesday. Indices further pared losses in afternoon trade. Indices were trading with modest losses in mid-afternoon trade. Stocks extended losses in late trade. The Sensex closed below 36000 mark while Nifty 50 lost 44.80 points and settled at 10835.30. Media sector were major gainer and realty sector were major loser of the day.
European shares were firmly in the red on Tuesday as the optimism about U.S.-China trade talks that swept stocks to fresh October highs cooled, with London’s FTSE 100 lagging the broader markets as the sterling rallied.European STOXX 600 was down 0.2%. Boeing Co has been shifting spare parts between its distribution centers in the United Kingdom and elsewhere in the world in preparation for Brexit.
Lupin received USFDA approval for Methylprednisolone tablet. The company will be able to market generic version of Pharmacia and Upjhon Company’s Medrol Tablets.
Adani Enterprises clarified on the news of its defence arm winning contract worth $2 bn that there no such developments as of now.
The Index Maintenance Sub-committee (IMSC) of the National Stock Exchange Indices, in its press note informed that the committee has decided to replace oil marketing company Hindustan Petroleum Corporation (HPCL) with Britannia Industries on the flagship Nifty50.
Shares of Jet Airways slumped 2% after media reports stated that the Income Tax department suspects that the airline may have done some transactions to evade taxes to the tune of ~Rs650cr.
DHFL sinks 8% after ICRA downgrades commercial paper programme.
Raipur SMART City (RSCL) has appointed NBCC (India) as their executing agency for the various infrastructure works.
Japan stocks were lower after the close on Tuesday, as losses in the Mining, Chemical, Petroleum & Plastic and Transportation Equipment sectors led shares lower.The Nikkei 225 declined 0.37%.Australia stocks were lower after the close on Tuesday, as losses in the IT, Consumer Discretionary and Telecoms Services sectors led shares lower.The S&P/ASX 200 fell 0.94%.Chinese shares see-sawed between positive and negative territory after a sharp rally the previous day.
(Click to submit your details) Just one step to get best trading tips and Recommendation.