Key equity benchmarks ended higher on Tuesday, supported by gains in Reliance Industries and Larsen and Toubro (L&T). The Sensex closed above 39,000 level while the Nifty ended below 11,600 mark after crossing that level in intraday trade.
Meanwhile, IHS Markit India Business Outlook survey stated that business sentiment in India fell in June, dampened by worries about the sustainability of the economic upturn, water shortages, public policies and regulation.
Shares in German chemicals company Bayer rose 1.8% in early trade on Tuesday after a U.S. judge slashed a damages award Bayer owes a California man who blamed its Roundup weed killer for his cancer. The pan-European stocks benchmark (STOXX) was flat with UK jobs and wages data, Italy’s June inflation and Germany’s ZEW business sentiment index for July all expected in the morning session.
RBI levied a penalty of Rs7cr on SBI for violating income recognition rule.
DHFL rebounded after suffering a massive selloff in the previous day, and surged 6 per cent after the company said it was working with stakeholders and creditors to ensure resolution of liquidity issues, without any haircut to the lenders.
Yes Bank may infuse fresh capital soon, 4 PE players part of consortium. The stock is set for biggest one day in a month, rising 11 percent.
Shares of Cipla Ltd. are trading 1% up on the NSE after the company announced a joint venture of its UK subsidiary with a Chinese Pharma company.
Ashok Leyland said that company’s plant located in Pantnagar, Uttarakhand will remain closed from July 16 to July 24, due to weak demand and outlook for the industry.
Jubilant Lifesciences announced a price hike of 10% for Vitamin B3 with immediate effect.
Japan stocks were lower after the close on Tuesday, as losses in the Paper & Pulp, Railway & Bus and Real Estate sectors led shares lower. The Nikkei 225 declined 0.69%.
Australia stocks were lower after the close on Tuesday, as losses in the Energy, Telecoms Services and IT sectors led shares lower. The S&P/ASX 200 declined 0.18%.
China’s Shanghai Composite and the Shenzhen Component were down 0.2% and 0.1% respectively.
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