Key equity indices ended with strong gains after hitting record high in intraday trade. Met department’s forecast of near-normal monsoon supported buying in domestic shares. Positive global cues and sustained buying by foreign portfolio investor’s also boosted sentiment. The Nifty ended a tad below 11,800 mark after crossing that mark in mid-afternoon trade.
Domestic financial market was closed on Wednesday, 17 April 2019, on account of Mahavir Jayanti.
U.S. auto-parts supplier Aptiv is opening an autonomous mobility center in Shanghai, in a push to position its self-driving vehicles in China. The center in the world’s biggest auto market would be one of Aptiv’s major autonomous driving engineering hubs. U.S. stocks were higher after the close on Tuesday, as gains in the Basic Materials, Oil & Gas and Financials sectors led shares higher. DJIA rose 0.26% to hit new 6-months high.
Cipla Technologies LLC (Cip Tec), a subsidiary of Cipla and Pulmatrix, Inc. announced their entry into a Definitive Agreement for the co-development and commercialization of Pulmazole.
Dr. Reddy’s Laboratories said that it received the Establishment Inspection Report (EIR) from US FDA, for Formulations Manufacturing Plant – 3 at Bachupally, Hyderabad. The announcement was made after market hours yesterday, 15 April 2019.
Jet Airways has fallen over 12 percent on speculations of airline considering to shut down its entire operation.
Ramco Systems said it has secured an order to digitise the maintenance and engineering (M&E) operations of Caverton Helicopters Limited, a leading aviation and marine logistics player in Nigeria.
Wipro said it has detected abnormal activity in a few employee accounts. It said the company has begun a probe and taken remedial steps to contain and mitigate any potential impact.
Asian markets were mixed in morning trade on Wednesday. Chinese stocks turned positive after opening lower following the release of stronger-than-expected GDP data.The Shanghai Composite and the Shenzhen Component both rose 0.2%.
Japan’s Nikkei 225 gained 0.3% even after data from the Ministry of Finance showed the country’s exports fell for a fourth straight month in March.
Canada stocks were lower after the close on Tuesday, as losses in the REITs, Real Estate and Materials sectors led shares lower.The S&P/TSX Composite fell 0.08%.
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