Stocks opened with small gains and continued hovering near flat line in morning trade.Fresh buying support boosted shares in mid-afternoon trade as positive cues from European stock market improved investor’s sentiment. Indices hit fresh intraday high in late trade. The Nifty 50 gained 70.20 points and settled at 11532.40. PSU banks were major gainer and auto sector were major loser of the day.
Markets in Europe rose slightly following a late-rallying Asia session, as investors waited for signals from the Fed and U.S.-China trade talks.The Euro Stoxx 600 SXXP, +0.51% was at 383.66, 0.4%.The U.K.’s FTSE 100 UKX, +0.41% rose to 7,333.87, 0.48%. Porsche SE, the holding company controlling Germany’s Volkswagen raised its voting rights share in the carmaker to 53.1 percent from 52.2%.
The RBI has provided the Renewal of Authorization for Vakrangee Limited. RBI has extended the validity of Authorization issued to Vakrangee limited to setup, own and operates the White Label ATMs in India.
Mukesh Ambani bails out Anil Ambani’s RCom; helps to clear Rs453cr Ericsson dues.
RCom and Reliance Jio terminated agreement for sale of specified assets by mutual consent.
HCL Tech signs a shared services arrangement with Xerox Corporation.
Majesco acquires insurance software business from its parent company Majesco Ltd.
Share price of Jet Airways plunged 5.5 percent after Etihad Airways, who is the major holder in the company informed that it may not invest further in the company.
V-Mart Retail opens new stores- one in the state of Uttar Pradesh and one in the state of West Bengal.
Japan stocks were lower after the close on Tuesday, as losses in the Gas & Water, Retail and Transportation Equipment sectors led shares lower. The Nikkei 225 lost 0.08%.
In China, the benchmark Shanghai Composite slipped 0.2 percent and the blue-chip CSI 300 fell 0.4 percent, while Hong Kong’s Hang Seng was almost flat.
Australia stocks were lower after the close on Tuesday, as losses in the Healthcare, IT and Energy sectors led shares lower. The S&P/ASX 200 declined 0.09%.
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