(denisismagilov – stock.adobe.com) Research concept with businessman looking at forex graphs on dark concrete wallMarket Outlook
Key benchmark indices ended with strong gains, backed by rally in financial stocks. The buying was triggered after the government clarified on tussle with the Reserve Bank of India and said that it respects and nurtures central bank’s autonomy. Moreover, positive global cues also boosted sentiment.
The Nifty 50 gained 188.20 points and settled the day at 10386.60. The overall health of the market is positive. IT sector were the major gainer and Metal sector were the major loser of the day.
European plane maker Airbus softened its key target for jet deliveries on Wednesday and warned that reaching it would be a “greater stretch” after a sequence of industrial problems. European shares staged a strong rally on Wednesday as a tumultuous October drew to close and strong results from L’Oreal, Sanofi, and banks Standard Chartered and Santander soothed investors’ nerves.
Dr. Reddy’s Lab has been attempting to resolve the compliance issues at Duvvada and Srikakalum facilities, has again failed to get USFDA’s nod to the facilities.USFDA issues eight observations to Dr Reddy’s Laboratories Visakhapatnam Facility; Issues Form-483.
Thyssenkrupp AG and India’s Tata Steel plans to set up a European steel company with equal shares of ownership
Indiabulls Real Estate’s arm signs MOU to acquire 140 acres of land in Gurugram for development of integrated township and commercial building.
GE Power India has been awarded four contracts by NTPC for installation of air quality control systems for a combined value of INR 1,783 crore (USD 247 million). This includes the supply and installation of Wet Flue Gas Desulphurization (Wet FGD) technology for four NTPC coal plants.
PNB Housing Finance share prices were up 9.14% after the company announced that it has successfully raised Rs 2450 crore through Commercial Papers (CP).
Japan stocks were higher after the close on Wednesday, as gains in the Electrical/Machinery, Construction and Precision Instruments sectors led shares higher. The Nikkei 225 added 2.06%.China stocks were higher after the close on Wednesday, as gains in the Travel & Leisure, Media and Gas; Water & Multi utilities sectors led shares higher. The Shanghai Composite rose 1.35%, while the SZSE Component index climbed 1.46%. Taiwan stocks were higher after the close on Wednesday, as gains in the Semiconductor, Electronic Parts/Components and Electronics sectors led shares higher. The Taiwan Weighted gained 2.90%.