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Market Snippet

Domestic bourses suffered modest losses in a highly volatile session weighed by index pivotal ITC and Infosys. On account of negative Asian stocks, Domestic stocks were trading with moderate losses in early trade. Though sustained selling pressure in key indices subdued. Volatility ruled the roost with indices extending intraday recovery. While, in late trade, stocks extended fall on fresh selling .Metal sector were the major gainers and IT sector were the major losers.

Global Markets Update

European bourses dropped on Thursday, lead down by a rebound in the euro and a series of disappointing earning updates including from Smith & Nephew. UBS Group Chief Executive Sergio Ermotti said that investors may be expecting too much too soon from Switzerland’s biggest bank, noting heavy spending on technology would weigh on results in the short term.


Stock Snippets

Biocon  dip 5% as US FDA completed pre-approval inspection of Sterile drug manufacturing facility, Bangalore this week. Moreover, US FDA issues Form 483 with 7 observations.

Interglobe Aviation (INDIGO) Q4 profit down 73% YoY on fuel price increase, foreign exchange impact.

On Wednesday, From US FDA, Pharma major Zydus Cadila received final approval for Bumetanide Tablets USP.

Tata Motors launched an automatic manual transmission (AMT) version of its popular compact SUV Nexon.

IFCI plans to merge IFCI Financial Services (IFSL) with Stock Holding Corporation of India (SHCIL) as part of the efforts to gain synergies out of the common businesses of these two subsidiaries.

A letter of acceptance received to Sical Logistics from Northern Coalfields for excavation of overburden from Amlohri OCP

In Srinagar, Lemon Tree opens new hotel under brand name “Lemon Tree hotel”.

HCL Technologies tank 7% extending previous loss of 5% on Wednesday on account of weak organic growth guidance raised concerns.

Global Markets

China stocks were higher after the close on Thursday, as gains in the Travel & Leisure, Oil Equipment Services & Distribution and Technology Hardware & Equipment sectors led shares higher.

Taiwan stocks were lower after the close on Thursday, as losses in the , Cement and Cement & Glass sectors led shares lower. At the close in Taiwan, the Taiwan Weighted fell 0.99%.

Australia stocks were higher after the close on Thursday, as gains in the Gold, Metals & Mining and IT sectors led shares higher. At the close in Sydney, the S&P/ASX 200 added 0.76% to hit a new 1-month high.

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