After a volatile trading session, Domestic bourses ended almost flat. Strength in ICICI Bank, Axis Bank and State Bank of India boosted key indices, while selling in Infosys, HDFC Bank and Larsen & Toubro capped gains. Though Nifty managing to hold 10,700-mark. The Sensex, meanwhile, managed to end above 35,200-mark. Banking and Realty sectors were the major gainers of the day while Media and Auto stocks were the major losers of the day.
Global Markets Update
Google is planning new Smartphone controls for Android to help people manage how much time they spend on their devices. European shares opened broadly flat on Tuesday as investors prepared for Donald Trump’s decision on whether to withdraw the U.S. from the Iran nuclear deal, a move which could disrupt global oil supply.
Granules India received approval for ANDA filed by for Methocarbamol tablet 500 mg and 750 mg.
Procter & Gamble Overseas India BV makes an open offer to acquire 43.15 lakh shares of Merck.
By Food and Drug administration (FDA) approval is received to Lupin for Generic Temovate Ointment, 0.05%.
Unichem Labs receives ANDA Approval from US FDA for Valsartan Tablets, USP. These are used to treat high blood pressure and congestive heart failure.
On May 16, Muthoot Finance board meeting to consider fund raising by way of public issue of redeemable non-convertible debentures.
Tata AIG Life Insurance Company bought 2,90,079 shares of BEML at Rs 1,061.76.
On May 11, Allahabad Bank to consider fund raising via FPO/Rights Issue/QIP.
Tata Metaliks says since yesterday no production at Kharagpur plant due to disruption of work by contractors’ and service providers.
Japan stocks were higher after the close on Tuesday, as gains in the Power, Manufacturing and Glass sectors led shares higher. At the close in Tokyo, the Nikkei 225 added 0.18% to hit new 3-months high.
Philippines stocks were higher after the close on Tuesday, as gains in the Property,
Mining & Oil and Services sectors led shares higher. At the close in Philippines, and the PSEi Composite rose 0.59%.
Taiwan stocks were higher after the close on Tuesday, as gains in the Oil, Gas & Electricity, Semiconductor and Cement sectors led shares higher. At the close in Taiwan, the Taiwan Weighted added 0.82%.
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