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Key equity benchmarks ended with small losses on Thursday. Trading was volatile on account of weekly expiry of options on the National Stock Exchange. Gains in auto stocks were negated by losses in banks stocks.

The Nifty opened above 10,850 level and managed to cross 10,900 mark. Indices reversed gains in mid-morning trade with the Nifty sliding below 10,850. The 50-unit index recovered after hitting the day’s low of 10,816 in afternoon trade.

Global Markets

Danske Bank A/S unveiled a number of changes to its executive team, including a new chief financial officer taken from Commerzbank AG.European shares rose to fresh one-month highs and safe-haven assets such as gold and the yen fell after news of U.S.-China talks set for early October raised hopes of a de-escalation in their trade war before it further damages the world economy.European STOXX 600 index rose 0.63%.

Stock Snippets

Power Grid declares as successful bidder to establish transmission system with construction of 400 kV Substation near Guna and construction of 220 kV substation near Bhindon BOOM basis

Wipro secures a strategic seven-year engagement, valued at USD 300 million, from ICICI Bank to provide a comprehensive suite of services

Lupin has agreed to develop and commercialise a drug to treat gastrointestinal and lung cancers with the German pharmaceutical firm Boehringer lngelheim GmbH for which it would be paid $70 million upfront.

IndiGo has got a letter from Sebi seeking reply with respect to the letter by Rakesh Gangwal’s counsel.

SREI Infra Finance signed co-operation agreement with Russia’s Quippo & Rosgeo.

MCX India signs MoU with Zhengzhou Commodity Exchange

Global Markets

Japan stocks were higher after the close on Thursday, as gains in the Paper & Pulp, Railway & Bus and Real Estate sectors led shares higher. The Nikkei 225 gained 2.29% to hit a new 1-month high.

China’s Shanghai Composite and the Shenzhen Component jumped 1.6% and 1.3% respectively.

Australia stocks were higher after the close on Thursday, as gains in the Consumer Staples, IT and Consumer Discretionary sectors led shares higher. The S&P/ASX 200 added 0.92% to hit a new 1-month high.

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