The benchmark indices traded higher for the second straight session as The finance ministry on Wednesday announced a Rs 48,239 crore capital infusion in 12 public sector banks to help them meet regulatory capital requirements and make growth capital available for the stronger lenders. Nifty ended the session to cose at 10804.45.
Pharma, Metal and Media shares were the major gainers of the day while IT shares were among the major losers for the day.
Optimism over China-U.S. trade talks helped European shares steady near four-month highs on Thursday. European STOXX 600 index was flat, while the trade-sensitive DAX index was up 0.3% and France’s CAC 40 added 0.1%. Shares in Hong Kong-listed computer maker Lenovo Group surged more than 10% on Thursday after the company announced better-than-expected quarterly results.
NHPC and Neyveli Lignite Corporation (NLC) have signed a power trading agreement to trade surplus power.NHPC will offer surplus power available with the northern and north-eastern region to NLC India Ltd, who, in turn, will offer the same to the bulk consumer in the southern region of the country.
Dr Reddy’s Laboratories Ltd has said it has re-launched its Buprenorphine and Naloxone Sublingual Film, generic version of Suboxone, in the US market.
The board of Tech Mahindra has approved a buyback of up to 2.05 crore shares worth Rs 1,956 crore at Rs 950 per share. The record date for the same is March 6.
Reliance Capital has invited Nippon Life Insurance to acquire up to 42.88 percent stake that it holds in Reliance Nippon Life Asset Management (RNAM).
Larsen & Toubro (L&T) has asked the Securities and Exchange Board of India (SEBI) to reconsider its Rs 9,000 crore buyback proposal, which the market regulator had scrapped earlier.
Japan stocks were higher after the close on Wednesday, as gains in the Transportation Equipment, Communication and Steel sectors led shares higher. The Nikkei 225 added 0.60% to hit a new 1-month high.
Australia stocks were lower after the close on Wednesday, as losses in the Consumer Staples, Utilities and A-REITs sectors led shares lower. The S&P/ASX 200 fell 0.17%.
China’s Shanghai Composite and the Shenzhen Component both gained 0.4% while Hong Kong’s Hang Seng Index advanced 1%.
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