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Market Snippet
Domestic Bourses traded marginally higher on the second trading session of the week amid weak global markets as the trade tension sparks again internationally and kept the global peers mostly lower. Nifty however was able to maintain higher trade to close at 10285. India’s Manufacturing PMI dropped to 51 from 51.10 of last February month. Banking stocks were the major gainers of the day while IT stocks lost the most today.

Global Markets Update
Australian gas producer Santos Ltd will be receiving a $10.4 billion from Harbour Energy after takeover offer from the U.S. Company, its fourth unsolicited bid since August 2017.
European share markets slipped lower today as the geopolitical concern once again took over the winning streak amid worries about most technology companies’ performance. The German index DAX closed lower by 1.4%.

Nifty

Stock Snippets

Eicher motors’ Royal Enfield has planned a capital expenditure of 800 crore for the year 2018-19 which includes commencement of construction of Phase-2 of the Vallam Vadagal plant near Chennai this year.

The Directorate General of Safeguards has slapped a profiteering notice on Jubilant FoodWorks for allegedly not passing on GST rate cut benefit to consumers at its Dominos Pizza outlets.

Civil engineering and EPC firm JMC Projects (India) has secured road projects worth Rs 942 crore from the National Highways Authority of India.

Suven Life Sciences has been granted a product patent by Canada corresponding to new chemical entities (NCEs) for the treatment of disorders associated with neurodegenerative diseases.

Shares of Galaxy Surfactants touched a 52-week low of Rs 1,430, slipping 4.5% intraday Tuesday as company received Form 483 for two of its facilities.

Lupin has said the UK health regulator has completed the inspection of its Goa facility without making any critical observations.

Global Markets

Japan stocks were lower after the close on Tuesday, as losses in the Paper & Pulp, Railway & Bus and Banking sectors led shares lower. At the close in Tokyo, the Nikkei 225 fell 0.45%

Philippines stocks were higher after the close on Tuesday, as gains in the Mining & Oil, Holding Firms and Services sectors led shares higher. At the close in Philippines, and the PSEi Composite added 0.12%.

Taiwan stocks were lower after the close on Tuesday, as losses in the, Computers & Peripherals and Other Electronic sectors led shares lower. At the close in Taiwan, the Taiwan Weighted lost 0.61%.

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