Markets tanked for the second straight session amid weak global cues as rate hike signal in US econmy kept the equities markets around the globe in stress. Domestic traders remained wary ahead of IIP data for February and December quarter GDP data to be published later today. Nifty settled lower at.
IT stocks were the major gainers of the day while Private bank shares were the losers of the day.
Global Markets Update
Airbus has rolled out the first ultra long-range Airbus A350-900, the variant which is destined to be delivered initially to Singapore Airlines.
European shares traded lower on Wednesday as a fresh batch of corporate results failed to change the negative trend set in Wall Street overnight on fears that U.S. rates could rise faster than expected.
Godrej Agrovet reported a 7% year-on-year increase in revenue, mostly on the back of robust volume growth in the palm oil and dairy businesses, with stable margins at 9.4 percent, EBITDA grew 18% YoY.
Royal Enfield today launched a new range of its popular model Thunderbird Thunderbird 500X and Thunderbird 350X priced at Rs 1.98 lakh and Rs 1.56 lakh (ex-showroom Delhi), respectively.
Hindustan Petroleum Corporation share price declined 4.7 percent intraday Wednesday after the stock adjusted for dividend announced initially this month.
State-run power equipment-maker BHEL today said it has paid 40 per cent interim dividend on enhanced equity, capital post-bonus, for the financial year 2017-18.
ICICI Bank shares declined 2.6 % intraday on Wednesday after the lender disclosed its loan exposure to Gitanjali Group that involved in PNB fraud case. Bank has given working capital loans along with a consortium to Gitanjali group.
Cipla have entered into a distribution agreement for rheumatoid arthritis drug tocilizumab and Syndyma, the second brand of Roche’s cancer therapy bevacizumab in India.
Japan’s Nikkei share average fell on Wednesday, snapping a three-day winning streak, pressured by losses on Wall Street and a larger-than-expected fall in Japanese industrial output.The Nikkei ended 1.4 percent lower at 22,068.24 points.
Australia stocks were lower after the close on Wednesday, as losses in the Telecoms Services, Gold and A-REITs sectors led shares lower.At the close in Sydney, the S&P/ASX 200 fell 0.68%.
Philippines stocks were lower after the close on Wednesday, as losses in the Property, Holding Firms and Banking & Financials sectors led shares lower.At the close in Philippines, the PSEi Composite declined 1.36%.
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