Key equity benchmarks tanked followed by gaped down opening forming bearish harami candle on daily chart.Market did not gain the buying momentum throughout tge session and settled lower at 11258.40. The global market cues were however positive.
PSU banks were the major losers of the day along with IT, Media and Metal shares.Pharma stocks witnessed some buying despite all round selling in market.
Danske Bank has started a hiring freeze to cope with rising compliance costs and a tough business environment. Advances in luxury goods makers led European shares slightly higher on Thursday, but nervousness lingered after conflicting headlines were reported on Sino-U.S. trade progress ahead of the top-level negotiations.European STOXX 600 index (STOXX) was up 0.1%.
Bharti Airtel has raised $750 million (about Rs 5,330 crore) from investors based in Asia, Europe and the US through a hybrid financial instrument.
Shares of Dewan Housing Finance Corporation (DHFL) were locked in the lower circuit for the second straight day, down 10 per cent at Rs 23.50, after Edelweiss Asset Management approached the Bombay High Court to recover its dues worth Rs 70 crore from the company.
Anmol and Anshul Ambani, sons of Reliance Group Chairman Anil Dhirubhai Ambani, have joined the Board of Reliance Infrastructure.
Shares of Lakshmi Vilas Bank (LVB) hit an all-time low and were locked in the lower circuit limit of 5 per cent at Rs 25.65 a piece after the Reserve Bank of India (RBI) on Wednesday rejected the proposed amalgamation of lndiabulls Housing Finance (IBHFL) with the bank.
Asian markets rose in morning trade on Thursday despite some conflicting signals on the progress in ongoing Sino-U.S. trade talks.The Shanghai Composite gained 0.3%
Japan stocks were higher after the close on Thursday, as gains in the Paper & Pulp, Railway & Bus and Real Estate sectors led shares higher.The Nikkei 225 added 0.45%.
Australia stocks were higher after the close on Thursday, as gains in the Consumer Staples, Healthcare and Industrials sectors led shares higher.The S&P/ASX 200 added 0.01%.
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