Key market barometers ended with decent gains on Thursday. Indices witnessed significant volatility on account of monthly F&O expiry. The November 2019 F&O contracts expired today, 28 November 2019. On macro front, India’s GDP data for September quarter is scheduled to be published on Friday, 29 November 2019. Ratings firm ICRA expects further deterioration in the growth of India’s GDP to 4.7% in Q2 of FY2020, due to weakening momentum in the industry.
Nissan Motor Co. is introducing a new, higher-tech production system globally to try to boost efficiency as it looks to reverse a slide in profitability. A four-day rally that had lifted world stocks to near-record highs stalled on Thursday as a U.S. bill backing Hong Kong’s protesters became law, provoking China’s ire and threatening to derail an interim trade deal between Washington and Beijing.
Reliance Industries hit market cap of Rs 10 lakh crore. The company has become the first company to hit Rs 10 lakh crore and is also the most valued company in terms of market cap.
Tata Communications share price surged more than 6% after company signed an agreement with Kacific Broadband Satellites Group.
ABB India on Thursday said that the Bengaluru Bench of the National Company Law Tribunal (NCLT) has approved the demerger of its power grids business to ABB Power Products and Systems India Ltd (APPSIL).
Tata Communications, a leading global digital infrastructure provider, informed the exchanges that Kacific Broadband Satellites Group (Kacific) has selected Tata Communications, to provide terrestrial connectivity services as it readies for the launch of its first satellite, Kacific.
Three directors of Zee Entertainment Enterprises resigned with two citing related-party loans and film advances, among other issues, as the reasons.
Japan stocks were lower after the close on Thursday, as losses in the Paper & Pulp, Railway & Bus and Real Estate sectors led shares lower. The Nikkei 225 declined 0.12%.
The Shenzhen Component slipped 0.1%. The Hang Seng Index also inched down 0.1%.
Australia stocks were higher after the close on Thursday, as gains in the Telecoms Services, Healthcare and IT sectors led shares higher. The S&P/ASX 200 gained 0.20% to hit a new all time high.
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