Key benchmark indices settled with small gains after a volatile session of trade .Key indices hovered in positive zone in morning trade.Volatility struck bourses as the key benchmark indices erased intraday gains and were trading a tad above the flat line. Stocks fell in negative zone in afternoon trade. Stocks hovered in positive zone in late trade.The Nifty 50 gained 14.90 points and settled the traded at 10905.20.Media sector were major loser and IT sector were major gainer of the day.
European shares fell on Thursday with banks leading the way after Societe Generale warned that tough market conditions would hit its quarterly results. The pan-European STOXX 600 benchmark index was down 0.6%. Japan’s Hitachi Ltd decided to freeze a 3 trillion yen ($28 billion) British nuclear power project and will consequently book a writedown of 300 billion yen ($2.75 billion) on its British nuclear unit.
Raymond announced that its subsidiary, Colorplus Realty has obtained ”Registration Certificate of Project: Raymond Realty Phase I” under Project Registration no. P5170 0019265 from Maharashtra Real Estate Regulatory Authority (MAHA RERA). This registration is valid from 15 January 2019 till 31 March 2024.
Larsen & Toubro Infotech has signed a definitive agreement on 16 January 2019 to acquire Ruletronics (UK), Ruletronics Systems Inc. (US) and Ruletronics Systems (India).
Jet Airways said that the company is working on its cost reduction plans, debt reduction and funding option. The airline is also mulling on monetising assets including its stake in its loyalty program.
RBI imposed penalty of Rs1cr on Bank of Maharashtra due to deficiencies in regulatory compliances on fraud reporting and KYC norms.
Zydus Cadila has received the final approval from the USFDA to market Acetazolamide ER Capsules (US RLD-Diamox).
Japan stocks were lower after the close on Thursday, as losses in the Shipbuilding, Retail and Chemical, Petroleum & Plastic sectors led shares lower.The Nikkei 225 declined 0.20%.
Taiwan stocks were higher after the close on Thursday, as gains in the Semiconductor, Biotech & Medical Care and Rubber sectors led shares higher.The Taiwan Weighted rose 0.26%.
China stocks were lower after the close on Thursday, as losses in the Software & Computer Services, Technology and Technology Hardware & Equipment sectors led shares lower.The Shanghai Composite fell 0.42%.
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