Key benchmark indices rallied for the second consecutive session amid broad based buying support. The rally was supported by firmness in Reliance Industries, HDFC twins and ICICI Bank. The Nifty ended above the 10,700 mark.All the sectorial indices closed on positive note, among them Realty sector were the major gainer. The swift appointment of Shaktikanta Das as the new Reserve Bank of India governor boosted sentiment. Positive news about fresh talks for a US-China trade deal also infused optimism in markets.
European shares opened higher on Wednesday and were set for a second day of gains as sentiment toward the Sino-US trade dispute lifted after U.S. President Donald Trump sounded upbeat about a deal in a Reuter’s interview.
Share price of Zara owner Inditex (MC:ITX) plunged 6 percent as sales and profit growth came below market expectations.
Zydus Wellness receives approval from Competition Commission of India for an acquisition of Heinz India jointly with Cadila Healthcare.
Tata Sponge Iron gets a nod from Competition Commission of India for an acquisition of Usha Martin’s steel division for around Rs4,300-4,700cr.
NBCC (India) has received a Letter of Award (LoA) of work from Ministry of Skill Development and Entrepreneurship, Govt. of India for construction of office building i.e. Kaushal Bhawan at New Delhi. The estimated cost of project is Rs. 172 crore (approx).
US court put a ban on sales of Dr. Reddy’s Suboxone Film, a generic version of Indivior Plc.
Ashok Leyland signed a Memorandum of Understanding (MOU) with ELBIT Systems. As part of this agreement, Ashok Leyland will provide High Mobility vehicles (HMV) for mounting Elbit Systems’ artillery guns and systems.
Taiwan stocks were higher after the close on Tuesday, as gains in the Trading & Consumer Goods, Paper & Pulp and Optoelectronic sectors led shares higher. At the close in Taiwan, the Taiwan Weighted gained 0.62%
Australia stocks were higher after the close on Tuesday, as gains in the Healthcare, IT and Metals & Mining sectors led shares higher. At the close in Sydney, the S&P/ASX 200 gained 0.42%.
China stocks were higher after the close on Tuesday, as gains in the Real Estate Investments & Services, Media and Travel & Leisure sectors led shares higher. At the close in Shanghai, the Shanghai Composite rose 0.37%.
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