Key benchmark indices ended steeply lower, dragged by losses in index pivotals ITC, HDFC Bank and HDFC. Mixed global cues dented investor’s sentiment. The Nifty ended below 10,900 marks after hovering above that level for most part of the day.After opening on a flat note, key indices declined to fresh intraday low in morning trade. Benchmarks turned positive in early afternoon trade and continued hovering near flat line in mid-afternoon. Indices slumped in late trade amid sudden selling pressure, triggered by ITC’s muted third quarter earnings.
Volvo Cars is voluntarily recalling about 200,000 cars after it found an engineering issue that could potentially cause fuel leakage in the engine compartment over time.European shares retreated on Wednesday morning as a new batch of corporate updates prompted fresh concerns, particularly on the tech sector, and added to worries about a global growth slowdown and the Sino-U.S. trade negotiations.The STOXX 600 was down 0.5%.
Prabhat Dairy clarified that it intends to share a substantial portion of the proceeds from the sale with shareholders after meeting tax and transaction costs.
VA Tech Wabag bagged desalinisation order worth Rs467cr from Mangalore Refinery and Petrochem.
IRB Infrastructure Developers arm’s HAM project received appointed date from NHAI for Vadodara-Mumbai Expressway, with a cash outlay of Rs2,043cr.
Walchandnagar Industries rose 3.9% after the company and Vikram Sarabhai Space Centre entered into a contract for the Polar Satellite Launch Vehicle program.
Maruti Suzuki India launched the 3rd generation WagonR on 23 January 2019.Maruti Suzuki and its partners have invested approx. Rs 670 crore for development of Big New WagonR.
ArcelorMittal, whose bid has got the backing of Essar Steel lenders, has pleaded the National Company Law Appellate Tribunal (NCLAT) to direct NCLT to accelerate the hearing on the auction of Essar Steel.
Japan stocks were lower after the close on Wednesday, as losses in the Chemical, Petroleum & Plastic, Trading and Mining sectors led shares lower.The Nikkei 225 declined 0.14%.
China stocks were higher after the close on Wednesday, as gains in the Telecoms, Mobile and Media sectors led shares higher.The Shanghai Composite added 0.05%, while the SZSE Component index climbed 0.09%.
Taiwan stocks were lower after the close on Wednesday, as losses in the, Plastic and Chemical sectors led shares lower.The Taiwan Weighted lost 0.49%.
(Click to submit your details) Just one step to get best trading tips and Recommendations..