The indices ended higher after continuous falling from last eight trading session giving bulls some control over the market. Nifty remained volatile on intraday chart.Nifty closed the session at 10751.85.The global market cues were also supportive for the market to sustain higher. Among sectors, the Nifty Metal index, which was the top gainer of the day, ended 2.99% higher led by Jindal Steel and Tata Steel. The Nifty Bank index, too, rose 1.02% led by IDFC First Bank and State Bank of India.
Encouraging signs from trade talks between the world’s two biggest economies helped boost European shares on Wednesday while the threat of a blocked merger deal sank Sainsbury’s shares.Germany’s trade-sensitive DAX led the way with a 0.6% gain. Lockheed Martin offered India a new combat jet, F-21, on Wednesday to be made locally, in a bid to win a large military order worth over $15 billion.
Strides Pharma Science has received approval from the US health regulator for Ethosuximide Softgel capsules, an anti-epileptic medication.The approved product is a generic version of Zarontin Capsules, 250 mg, of Pfizer.
Alembic Pharmaceuticals has received approval from the US health regulator for Acetazolamide extended-release capsules, used for the treatment of various kinds of glaucoma.
GMR Airports, a subsidiary of GMR Infrastructure through which it has stakes in Delhi, Hyderabad and Cebu (the Philippines) airports, among others, is in the final stage of discussion to sell 25 to 30 per cent of its holdings to Singapore’s GIC and Mitsubishi Corporation of Japan.
The Supreme Court on Wednesday held Reliance Communication (RCom) Chairman Anil Ambani and two directors guilty of contempt of court and asked them to pay Rs 453 crore in four weeks.
Japan stocks were higher after the close on Wednesday, as gains in the Transportation Equipment, Communication and Steel sectors led shares higher. The Nikkei 225 added 0.60% to hit a new 1-month high.
Australia stocks were lower after the close on Wednesday, as losses in the Consumer Staples, Utilities and A-REITs sectors led shares lower. The S&P/ASX 200 fell 0.17%.
China’s Shanghai Composite and the Shenzhen Component both gained 0.4% while Hong Kong’s Hang Seng Index advanced 1%.
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