Markets inched higher breaching the six day losing streek following the global equities as US President Donald Trump’s plan to introduce hefty tariffs on steel and aluminium imports could exclude certain key partner countries. Nifty ended at 10242.95.
PSU bank shares were the major gainers of the day while Metal shares were the major losers of the day.
Global Markets Update
European shares inched up on Thursday, as dealmaking gathered pace and fears of a trade war faded, although some disappointing earnings updates weighed.The pan-European STOXX 600 (STOXX) edged up 0.1%.
Renault shares fell on Thursday, as Nissan said the Renault Nissan Mitsubishi alliance had no plans to change the cross-shareholding ratios of its member companies, echoing views from the French government.
L&T Finance Holdings Ltd has raised almost Rs 2,000 crore from preferential allotment of shares to its promoter Larsen & Toubro (L&T).
Bharti Airtel shares rallied 2.6 % and Idea Cellular gained 4.3 percent intraday Thursday after the government has approved relief package for the debt-ridden telecom sector, giving more time to operators to pay for the spectrum bought in auctions
Shares of Bhushan Steel rose 15% Thursday as Tata Steel emerged as a highest bidder to acquire Bhushan Steel.
Shares of Gitanjali Gems today declined by another 5% after the CBI registered a fresh FIR against diamond merchant Nirav Modi in the PNB fraud case
Ashok Leyland hit a new high of Rs 144.85, after the company’s net profit jumped almost three-fold to Rs 4.49 billion in Q3 from Rs 1.61 billion in the same period a year earlier.
Amtek Auto shares were locked at 5% upper circuit at Rs 23.80 on Thursday after Liberty House, the global industrial and metals group has chosen as preferred H1 bidder for buying company’s assets.
Japan stocks were higher after the close on Thursday, as gains in the Marine Transport; Transport and Transportation Equipment sectors led shares higher.At the close in Tokyo, the Nikkei 225 gained 0.55%.
Taiwan stocks were higher after the close on Thursday, as gains in the Glass, Optoelectronic and Semiconductor sectors led shares higher.At the close in Taiwan, the Taiwan Weighted rose 0.73%.
Australia stocks were higher after the close on Thursday, as gains in the Utilities, IT and Healthcare sectors led shares higher.At the close in Sydney; the S&P/ASX 200 gained 0.69%.
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