The market ended with decent gains on Thursday, supported by banks and IT stocks. The market sentiment was boosted as data showed that foreign institutional investors were net buyers of Indian stocks. The trading activity showed that the foreign portfolio investors (FPIs) bought shares worth a net Rs 7192.42 crore yesterday, 30 October 2019, as per data released by the stock exchanges. Investors awaited India’s fiscal deficit data for April-September period and infrastructure output data for September 2019 which will be announced later today.
Fiat Chrysler and Peugeot owner PSA plan to join forces through a 50-50 share swap to create the world’s fourth-largest automaker, triggering a new wave of consolidation in the car industry. European shares rose after the U.S. Federal Reserve cut interest rates, but a slump in auto and energy stocks kept gains in check as investors digested a fresh batch of earnings. The pan-European STOXX 600 index rose 0.3%.
YES Bank received binding offer of USD 1.2 billion from a global investor.
Shares of Vodafone Idea declined 13 percent on October 31 after Care Ratings (CARE) has downgraded its rating on long term bank facilities and non-convertible debentures to CARE A-.
Shares of Cadila Healthcare rose nearly 5 percent on October 31 after company received establishment inspection report (EIR) from USFDA. The company’s formulations manufacturing facility located at Baddi, India has received an Establishment Inspection Report (EIR), as per company release.
Shares of Tata Global Beverages (TGBL) rallied 5.85 percent intraday to hit new 52-week high of Rs 309 after strong earnings reported by the company in quarter ended September 2019.
Adani Transmission has received the Letter of Intent (LOI) from REC Transmission Projects Company Limited (RECTPCL) to build, own, operate and maintain a transmission project in the state of Gujarat for a period of 35 years.
Japan stocks were higher after the close on Thursday, as gains in the Paper & Pulp, Railway & Bus and Real Estate sectors led shares higher. The Nikkei 225 gained 0.37%.
Australia stocks were lower after the close on Thursday, as losses in the Financials, Energy and Consumer Discretionary sectors led shares lower. The S&P/ASX 200 declined 0.39%.
MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.53% to the highest since July 30. Hong Kong shares rose 0.93%
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