Benchmark indices tanked for the third continuous trading session taking bearish cues from the global markets, the Sensex and the Nifty extended their decline in today’s session also. Both the benchmark indices began the session with a gap-down open and continue to hover in the negative territory. Nifty settled at 11418.60.
All the sector indices ended in red with Realty and Media shares losing the most.
Soft Bank Corp would spend $4 billion to up its stake in Yahoo Japan Corp and turn the internet company into a subsidiary, a move that would help boost its profit by 24 percent this year. European shares fell on Wednesday for a third day as concern mounted over a U.S.-China trade deal, although positive reports from e likes of Wirecard and Siemens helped German stocks to rise. European STOXX 600 index slipped 0.1%.
Mangalore Refinery and Petrochemicals Ltd (MRPL) will operate its 300,000 barrels-per-day refinery at about 50 percent capacity from Thursday due to water shortage.
The lenders of Reliance Communications (RCom) have shortlisted five Resolution Professionals (RPs) based on technical evaluation for the debt-laden firm’s bankruptcy process.
Tata Global Beverages appoints former MD & CEO of Axis Bank, Shikha Sharma and Pidilite Industries MD Bharat Puri as additional and independent directors.
JSW Steel has revised its bid for Asian Colour Coated Ispat Ltd by 300 crore to 1,500 crore as part of its efforts to acquire the debt-ridden company in an insolvency driven process.
Vedanta has reported a consolidated net profit of ₹3,218 crore for the March quarter, a 43 per cent drop from the ₹5,675 crore recorded last year, on the back of lower income from most of its businesses.
Japan stocks were lower after the close on Wednesday, as losses in the Shipbuilding, Transportation Equipment and Marine Transport sectors led shares lower. The Nikkei 225 fell 1.46% to hit a new 1-month low.
China’s Shanghai Composite and the Shenzhen Component slipped 0.5% and 0.1% respectively.
Australia stocks were lower after the close on Wednesday, as losses in the Telecoms Services, IT and Utilities sectors led shares lower. The S&P/ASX 200 fell 0.42%.
(Click to submit your details) Just one step to get best trading tips and Recommendation