Key equity benchmarks corrected on Thursday, amid selling in auto and IT shares. The broader market was positive, buoyed by signs of de-escalation in the US-China trade war.
Nifty snapped its five-day rising streak. The index opened above 11,050 and hit an intraday high of 11,081.75, before reversing gains in morning trade. It hovered in a narrow range near flat line in the afternoon. Selling in the final hour of the trade dragged the index below the crucial 11000 mark.
European shares opened on Thursday at their highest level since July 30 on fresh evidence of easing trade war tensions between the United States and China.
After Beijing decided to exempt some U.S. goods from additional tariffs on Wednesday, Washington reciprocated by announcing a short delay to scheduled tariff hikes on billions worth of Chinese goods.
Tata Motors launched an extended 5-year warranty package for its compact SUV ‘Harrier’
L&T Construction bagged orders of Rs 1,000-2,500 crore in Maharashtra and Odisha
Pharma company Alkem Laboratories on Wednesday announced the closure of USFDA’s inspection at its St. Louis facility in the US.
Granules India jumped 6 percent on receiving Establishment Inspection Report from USFDA for Bonthapally unit.
Shares of Khadim India have seen huge buying interest for the second consecutive session on September 12 after the company announced opening up of an arm in Bangladesh.
Shares of Kridhan Infra Limited jumped 5% after the company announced that its associate company Vijay Nirman Company Private Limited (“VNC”) has secured an order worth Rs112cr, for widening of Trumpet from 2 lanes to 4 lanes from Bengaluru City to Airport and back and other associated infrastructure work for Bengaluru International Airport
Japan stocks were higher after the close on Thursday, as gains in the Paper & Pulp, Railway & Bus and Real Estate sectors led shares higher.At the close in Tokyo, the Nikkei 225 added 0.75% to hit a new 3-months high.
Australia stocks were higher after the close on Thursday, as gains in the A-REITs, Gold and Utilities sectors led shares higher. At the close in Sydney, the S&P/ASX 200 gained 0.25% to hit a new 1-month high.
U.S. stocks were higher after the close on Wednesday, as gains in the Telecoms, Technology and Basic Materials sectors led shares higher.At the close in NYSE, the Dow Jones Industrial Average rose 0.85% to hit a new 1-month high.
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