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Market Snippet
After the central bank ie Reserve Bank of India (RBI) maintained its neutral stance while raising Repo rate by 0.25%, Domestic bourses settled the day at higher note. After displaying some volatility in early trade, Key benchmark indices firmed up as the session progressed. The nifty gained 91.50 points and settled at 10684.65. Moreover, The Sensex provisionally settled above the psychologically important 35,000 mark. PSU Bank and Metals were the major gainers of the day.

Global Markets
Zurich Insurance Group will focus on operational improvements and bolt-on acquisitions, mega-mergers disrupt business and rarely provide value to investor. European stocks edged higher on Wednesday, underpinned by gains in tech and commodity-related stocks, although trading was cautious amid worries over Italian debt and global trade.

Stock Snippets

CG Power and Industrial Solutions share prices jumped to 3.33% after the company bagged an order from the Indian Railways valued at Rs 319 crore.
Mcleod Russel India decided to dispose of certain tea estates in Assam to M K Shah Exports for Rs 331 crore.
Cadila Healthcare, the company annouced that the USFDA has completed the audit of company’s wholly-owned subsidiary , Alidac Pharmaceuticals, located at Ahmedabad SEZ with no observations.
Biocon-Mylan said that he US Food and Drug Administration approved pegfilgrastim, a drug used to increase the white blood count of cancer patients
Everest Industries delineates that comapny is not involved in any infringement proceedings initiated by Ultratech Cement
The drug maker, Glenmark Pharma has received five observations from USFDA for its Pithampur facility.
NMDC released the data in April-May iron ore productionand sales stood at 4.53 million tonne each. The company has produced 3.09 MT iron ore from its mines.

Global Markets

Japan stocks were higher after the close on Wednesday, as gains in the Communication, Shipbuilding and Retail sectors led shares higher.At the close in Tokyo, the Nikkei 225 added 0.38%.
Philippines stocks were higher after the close on Wednesday, as gains in the Property, Banking & Financials and Industrials sectors led shares higher. The PSEi Composite gained 0.04%.
Taiwan stocks were higher after the close on Wednesday, as gains in the Electronic Parts/Components, Hotels and Optoelectronic sectors led shares higher.At the close in Taiwan, the Taiwan Weighted rose 0.92%.

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