Key equity market barometers declined in a lackluster session on Tuesday. Selling pressure in the last hour of trade dragged the benchmark indices near the day’s low. Trading activity remained thin amid the holiday season in major global markets. Premium valuation in large caps and lack of fresh triggers influenced investors to lock profits.
Among the sectors, the Auto and IT index fell the most.
Ford Motor Co reservations were full for the high-end Mustang Mach-E First Edition electric sport utility vehicle.Ford unveiled the electric Mustang crossover on Nov. 17. European shares looked set to end the decade with a whimper as investors locked in gains after a record rally that was fueled by optimism around trade and easing fears of a global recession.The pan-European STOXX 600 index (STOXX) shed 0.3%.
Dr Reddy’s Laboratories launched Sodium Nitroprusside Injection single-dose vial in the US markets.
PTC India Financial received the sanction of a fresh loan of Rs 500 crore at an interest rate of 8.50 percent per annum for 10 years.
Thermax Limited has concluded an order of Rs431cr from a public-private joint venture power company to set up two flue gas desulphurisation (FGD) systems at their thermal power plant in the state of Jharkhand, India.
Reliance Jio has added 91 lakh, new subscribers, in October, and its total subscriber base is now 36.43cr, according to data released by the Telecom Regulatory Authority of India (TRAI).
Kalpataru Power Transmission Limited (KPTL), a leading global EPC player in the power and infrastructure contracting sector, has secured new orders/notification of award of ~Rs979cr.
Chalet Hotels signed a pact with Marriott Hotels India to build 5 hotels.
Asian shares were mostly lower on Tuesday, in their last trading day of the decade as investors locked in profits after a buoyant year of gains, driven in recent weeks by hopes of an imminent U.S.-China trade deal.
Denmark stocks were lower after the close on Monday, as losses in the Oil & Gas, Healthcare and Technology sectors led shares lower.The OMX Copenhagen 20 fell 0.94%.
Israel stocks were lower after the close on Monday, as losses in the Insurance, Financials and Real Estate sectors led shares lower.The TA 35 declined 0.33%.