Domestic bourses declined sharply due to negative global cues. After opening on a positive note, the market declined as the session proceeded. Global stocks fell as investors continued to assess potential trade tensions, the possible cancellation of a June summit with North Korea and a fall in commodity prices. The market breadth, indicating the overall health of the market, was weak. PSU Banks were the major gainers and Metal sectors were the major losers of the day.
UpdateEuropean stocks moved sharply lower on Wednesday, weighed by the return of geopolitical concerns after the latest comments from U.S. President Donald Trump and a round of disappointing eurozone data. Tesla Inc has slashed up to $14,000 off its Model X in China after Beijing announced major tariff cuts for imported automobiles.
DHFL Finance’s Rs 12,000 crore NCD issue grossed over Rs 10,200 crore on Day 1 of the offering. The QIB portion was oversubscribed 2.37 times while retail and HNI investors pored in Rs 2,800 crore.
Tata Steel on Tuesday made announcement that it will raise Rs 16,500 crore through debt instruments to fund the Rs 32,500-crore acquisition of Bhushan Steel.
Aurobindo Pharma has re-engaged with Mallinckrodt to acquire its specialty generics portfolio
To Treat Metastatic Castration-Resistant Prostate Cancer in Combination with Methylprednisolone, Sun Pharma received USFDA approval for YONSA.
Gravita India jumped 3.33% after the company signed a contract with Amara Raja Batteries for lead acid battery scrap collection and recycling arrangements.
State Bank of India to sell 3-5 percent stake in general insurance JV in FY19
JM Financial Credit Solutions to raise Rs 750 cr via NCDs.
Japan stocks were lower after the close on Wednesday, as losses in the Insurance, Non-Metal Minerals and Manufacturing sectors led shares lower.At the close in Tokyo, the Nikkei 225 fell 1.18%.
Philippines stocks tanked as losses in the Holding Firms, Banking & Financials and Services sectors led shares lower.At the close in Philippines, the PSEi Composite fell 1.12%.
Taiwan stocks were lower after the close on Wednesday, as losses in the , Electronic Parts/Components and Cement sectors led shares lower.At the close in Taiwan, the Taiwan Weighted lost 0.48%.
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