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Market Snippet

Domestic bourses shrugged off mixed Asian cues and ended with modest gains. In early trade, after opening higher, Key benchmark indices reversed trend and hit fresh intraday low. Though, in mid afternoon trade indices bounced back and hit fresh intraday high and traded in same zone as the session progressed. The health of the market was negative. The Nifty 50 gained 70 points and closed at 10769.90. Auto sector were the major gainers and IT and media sector were the major losers of the day.

Global Markets

Japanese airline ANA Holdings Inc will cancel 113 domestic flights between 6 July to 12 July, inspect Rolls Royce Holdings Plc engines for compressor issues that have led to service interruptions for airlines globally.
European shares slipped on Wednesday as worries over global trade persisted. The pan-European STOXX 600 index was down 0.2%.

Stock Snippets

GE Power India share price advanced 2% after the company annunciated winning an order worth Rs 468 crore for twin boiler equipment from Bhel.
Along with Ganpat University, Maruti Suzuki organized a “Certificate Ceremony” for the first batch of students from Japan-India Institute for Manufacturing (JIM) in Mehsana, Gujarat.
Astron Paper & Board Mill has received an export order for supply of 4000 MT kraft paper valued at appro. Rs 12 crore (Net of Taxes) which will be executed up to last week of August, 2018.
United Bank of India hiked MCLR by 10 basis points across all tenors from July 5
Unichem Laboratories has received final ANDA approval for its Montelukast Chewable Tablets, 4 mg and 5 mg from the USFDA to market a generic version of Merck Sharp & Dohme Corporation’s Singulair Tablets, 4 mg and 5 mg.
Ashoka Buildcon received Rs 22.4 crore in a settlement agreement with NHAI.

Global Markets

Japan stocks were lower after the close on Wednesday, as losses in the Shipbuilding, Textile and Manufacturing sectors led shares lower.At the close in Tokyo, the Nikkei 225 fell 0.31% to hit a new 1-month low.
Philippines stocks were higher after the close on Wednesday, as gains in the Services, Property and Holding Firms sectors led shares higher.At the close in Philippines, the PSEi Composite rose 1.12%.
Taiwan stocks were higher after the close on Wednesday, as gains in the Textile, Rubber and Iron & Steel sectors led shares higher.At the close in Taiwan, the Taiwan Weighted rose 0.06%.

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