Frenzied selling in index pivotals pulled the key benchmark indices to fresh intraday low in mid-afternoon trade.Weakness in global stocks weighed adversely on the domestic bourses. The Nifty 50 lost 181.75 points and settled the day at 10601.15. All the sectorial indices closed in negative zone. Among them, Realty sector were the major loser of the day. Investors are closely watching the meeting by the OPEC. Moreover, they also turned cautious in the run-up to the announcement of five state elections’ results next week.
Volkswagen’s core brand aims to raise its profit margin faster than previously planned despite rising investments in the development of electric vehicles.European shares fell sharply on Thursday after the arrest of a Huawei top executive fed worries over a fresh build-up in the Sino U.S. trade war, hitting export-oriented tech and auto stocks. Regional STOXX 600 (STOXX) index fell 1.2 percent.
Power Grid Corporation of India emerged as a successful bidder under tariff based competitive pricing for work in Thermal Power Project in Uttar Pradesh.
TCS will collaborate with UROS Group to deploy Internet of Things and Smart City Solutions across large commercial and public sectors organizations globally.
Adani Green Energy’s arm won an order for 390 MW Wind-Solar Hybrid Auction at Rs2.69 per KW-hour.
Eveready Industries India has executed an Agreement for Sale with Mis Alwarpet Properties (part of the Olympia Group, Chennai), for sale of its land situated Triuvottiyur Road, in Chennai, Tamil Nadu, for a consideration of Rs. 100 crore.
UROS Group, a global innovator in turnkey Internet of Things (IoT) solutions and smart connectivity, is collaborating with Tata Communications, a leading digital infrastructure provider, to support the deployment of IoT and smart city solutions across large commercial and public sector organisations globally.
Japan stocks were lower after the close on Thursday, as losses in the Precision Instruments, Electrical/Machinery and Pharmaceutical Industry sectors led shares lower.The Nikkei 225 lost 1.91% to hit a new 1-month low.
China stocks were lower after the close on Thursday, as losses in the Technology Hardware & Equipment, Technology and Travel & Leisure sectors led shares lower.The Shanghai Composite declined 1.68%, while the SZSE Component index lost 2.44%.
Taiwan stocks were lower after the close on Thursday, as losses in the , Optoelectronic and Electronic Parts/Components sectors led shares lower.The Taiwan Weighted lost 2.34%.
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