The market posted robust gains in a highly volatile session.The Nifty opened with a positive gap above 11,000 mark, but soon pared gains in morning trade to hit an intraday low of 10,756.55. Buying emerged at the day’s low, and the index bounced back above 11,000 mark in afternoon trade. The buying was triggered by finance minister Nirmala Sitharaman announcing measures to revive the economy. Sitharaman said the government has withdrawn the surcharge on FPI, which she had unveiled in her budget for the fiscal year ending March 2020.
Credit Suisse would invest hundreds of millions of francs in digital services and other parts of its Swiss division by the end of 2021 and it no longer needed a bigger branch network in its home market. Technology stocks pushed European equities to a one-week low as investors fled from riskier assets after another exchange of blows between the US and China over trade at the end of last week.European STOXX 600 index was down 0.33%
Bharat Heavy Electricals (BHEL) has successfully secured two more orders for emission control equipment for thermal power plants. Valued at around Rs 2,500 crore, the orders have been placed on BHEL by NTPC.
Lupin’s subsidiary in South Africa announced commercial agreement with Creso Pharma for hemp oil based cannaQIX
Shares of Dewan Housing Finance Corporation (DHFL) jumped over 8 percent on BSE on August 26 amid reports that the company proposed a 35 percent haircut to all lenders.
Shares of Capacite Infraprojects rose more than 11 percent intraday on August 26 after no irregularities found during the I-T search operatio
Dilip Buildcon approved the proposal for divestment either partly or wholly the equity stake of the company in 5 BOT.
Share price of PVR added 2.5% after NCLT at New Delhi has approved the scheme of amalgamation of SPI Cinemas, the transferor company with PVR, the transferee company effective from the appointed date of August 17, 2018.
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