Benchmark indices traded lower on account of profit booking ahead of fiscal budget due to be announced on Thursday. Investors remained cautious ahead of US Federal Reserve’s two-day monetary policy meeting as well. Nifty ended at 11071.30.
OMC stocks were the major gainers of the day while private banks were the major losers of the day.
Global Markets Update
Volkswagen’s CEO was “stunned” by reports the carmaker had sponsored tests that exposed monkeys and humans to toxic diesel fumes and, two years after an emissions cheating scandal, pledged once again to get to the bottom of the wrongdoing.
Japan’s Nikkei share average dropped to a one-month low on Tuesday, led by weakness in Apple suppliers, while mining shares underperformed on lower oil prices.
Jubilant Life Sciences has announced that its material wholly owned subsidiary Jubilant Pharma Limited has received Abbreviated New Drug Application (ANDA) final approval for Clonidine Hydrochloride Extended-Release Tablets, 0.1 mg. This is a generic version of Kapvay of Concordia. It is used for the treatment of attention deficit hyperactivity disorder (ADHD).
IOC earnings beat analyst expectations on Monday as standalone profit during the quarter more than doubled to Rs 7,883 crore, from Rs 3,696.3 crore in previous quarter. Revenue from operations grew by 22.2 percent to Rs 1.1 lakh crore in Q3, compared to Rs 90,567 crore in September quarter.
Godrej Consumer Products reported a 22.05 per cent jump in consolidated net profit to Rs 429.87 crore for the third quarter ended December 31, 2017. Total income of the company during the period under review increased by 6.45 % to Rs 2,666.23 crore as compared to Rs 2,056.85 crorefor the same quarter last year.
Welspun Corp had received orders for 232,000MT pipes. This represents 22% increase in the order book. With these new orders, the order book now stands at 1,279,000MT pipes and is valued at Rs 8,200cr.
Asian stocks retreated from record highs after a selloff in Apple shares and spike in bond yields knocked Wall Street lower, while the dollar found support as U.S. bond yields climbed to near four-year highs.
United Arab Emirates equities were mixed at the close on Tuesday, as gains in the Insurance, Real Estate & Construction and Services sectors propelled shares higher while losses in the Finance & Investment, Banking and Telecoms sectors led shares lower.
Taiwan stocks were lower after the close on Tuesday, as losses in the , Plastic and Auto sectors led shares lower. At the close in Taiwan, the Taiwan Weighted declined 1.29%.
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