Benchmark indices tanked for the second continuous trading session following Asian peers which wallowed near five-week lows on early Tuesday after U.S. President Donald Trump’s threat to raise tariffs re-ignited worries about US-China trade tensions while Japan’s Nikkei opened down after a 10-day break. Nifty settled at.
IT shares were the major gainers of the day while Banking and Media shares were the major losers of the day.
Lufthansa will make an offer for Thomas Cook’s German airline Condor with an option to acquire the remaining airlines of the British travel group. European shares flitted between slight gains and losses amid a flurry of deal making and earnings as investors cautiously tracked developments around U.S.-China trade talks. The pan-European STOXX 600 index was flat.
Niche bike maker Eicher motor’s Royal Enfield on Tuesday announced the recall of nearly 7,000 units of its Bullet and Bullet Electra models to rectify faulty brake caliper bolt.
Glenmark Pharmaceuticals on Tuesday announced the appointed of Yasir Rawjee as the Chief Executive Officer (CEO) of Glenmark Life Sciences.
Vedanta rallied over 1 per cent in the intra-day trade on Tuesday to Rs 170.5 apiece on the National Stock Exchange (NSE). The metals and mining major is due to declare its Q4 numbers for fiscal year 2018-19 later in the day.
IndiGo is in talks with Airbus SE for another large plane order in a sign Asia’s biggest budget carrier has no intention of letting up on a blistering pace of expansion.
PTC India Financial Services Ltd has reported a ₹36.76 crore net profit for the last quarter of financial year 2018-2019. The company had reported a loss of 264.68 crore in the same quarter of last financial year.
Japan stocks were lower after the close on Tuesday, as losses in the Shipbuilding, Transportation Equipment and Marine Transport sectors led shares lower. The Nikkei 225 lost 1.60%.
Australia stocks were higher after the close on Tuesday, as gains in the Metals & Mining, Resources and Materials sectors led shares higher. The S&P/ASX 200 added 0.19%.
Chinese shares staged a mild technical rebound but stayed choppy after their worst drop in more than three years on Monday. The benchmark Shanghai Composite was 0.5 percent higher.
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