In a volatile session of trade, domestic indices loged small gains led by index heavyweights Reliance Industries, Larsen & Toubro and Infosys. Moreover, sentiments were bolstered by data showing that domestic and foreign funds, both, were net buyers of Indian equities on Tuesday, 21 August 2018. Local stocks edged higher in early trade with the Sensex and the Nifty, both, scaling record high.Indices gyrated in a small range near the flat line and regained positive zone in late trade. The Nifty 50 gained 11.85 points and settled the day at 11582.75. IT sector were the major gainers and Metal sector were the major losers of the day.
European shares edged up on Thursday after the latest round of U.S.-China tariffs kicked in, hurting trade-sensitive stocks but boosting demand for sectors seen as more insulated from an escalating trade dispute. The STOXX 600 climbed 0.3%.China-based biotech giant Sino Biopharmaceutical Ltd has reported a 24% growth in its year-on-year 2018.
RCOM released the information for the completion of the sale of its Media Convergence Nodes and related infrastructure assets, worth Rs 2,000 crore, to Reliance Jio Infocomm (RJIO).
Nestle India share prices jumped to 4.40% after the company enunciated that it will partner with Flipkart to launch MAGGI Special Masala Noodles.
Lupin share prices surged 2.4% after the company said it received US drug regulator’s tentative approval to market a generic version of Bayer HealthCare Pharmaceuticals Inc.’s Natazia tablets
Infosys inaugurated its Technology and Innovation Hub in Raleigh. In addition, Infosys announced that it has hired more than 4,700 Americans since spring 2017, including nearly 500 in North Carolina, as part of the company’s campaign to hire 10,000 American and accelerate the pace of innovation for American industry.
Dr. Reddy’s Laboratories share prices jumped 2.34% after the company said it has received an Establishment Inspection Report (BIR) from the USFDA for the audit of API Srikakulam Plant (SEZ), Andhra Pradesh, indicating closure of the audit.
Philippines stocks were higher after the close on Thursday, as gains in the Property, Holding Firms and Banking & Financials sectors led shares higher. The PSEi Composite rose 2.25%.
Japan stocks were higher after the close on Thursday, as gains in the Chemical, Petroleum & Plastic, Glass and Automobiles & Parts sectors led shares higher. The Nikkei 225 added 0.22%.
Taiwan stocks were higher after the close on Thursday, as gains in the Paper & Pulp, Textile and Electricity sectors led shares higher. The Taiwan Weighted added 0.55%.
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