Domestic stocks logged strong gains on steady buying demand in index pivotal. Local stocks drifted higher in early trade. A bout of volatility was seen as the key indices extended gains in morning trade. Strong buying demand in late trade propelled the key indices today’s high in late trade. The Sensex ended well above the psychological 38,000 mark after day’s high above that level in intraday trade. The Nifty 50 gained 129 points and settled at 11483.25. PSU Banks were major gainer and IT sector were major loser of the day.
European shares were subdued on Tuesday after four days of losses amid concerns about a softening global economy and uncertainty over Britain’s exit from the European Union. The pan-region STOXX 600 index edged higher. President Xi Jinping has inked a mind-boggling $29 billion deal for Airbus aircraft during a state visit to Paris, France, a show of economic power aimed as much at Washington as at Europe.
Bharti Airtel said that it eliminated ISD Packs for making a regular call to Bangladesh and Nepal.
Competition Commission of India approved the scheme of Prabhat Dairy’s sale of its dairy business, which is run by the company’s arm Sunfresh Agro Industries to Tirumala Milk Products.
Jet Airways (India) rose 6.6% after the company said Naresh Goyal stepped down as chairman.
Grasim Industries said it has challenged the order of Deputy Commissioner of Income Tax (DCIT) dated 14 March 2019, raising demand of sum of Rs 5872.13 crore on account of dividend distribution tax (including interest) before the Bombay High Court.
MEP Infra arm entered into concession agreements with NHAI for three highway projects in Maharashtra.
NHPC said that it had started power trading in IEX as a trader for J&K Power Development Department with effect from March 22.
Japan stocks were higher after the close on Tuesday, as gains in the Shipbuilding, Railway & Bus and Machinery sectors led shares higher. The Nikkei 225 rose 2.15%.
China’s blue-chip CSI300 bucked the trend, giving up early gains to fall 0.7 percent, while Hong Kong’s Hang Seng Index was slightly lower.
Australia stocks were higher after the close on Tuesday, as gains in the Utilities, Metals & Mining and Gold sectors led shares higher. The S&P/ASX 200 added 0.07%.
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