Domestic bourses ended the volatile session with small losses. Sentiment was hurt after a survey showed services activity in May shrank for the first time in three months as new orders stagnated. Key indices displayed some volatility and slipped into negative terrain and as the day progressed, it continues to be in negative zone. The Nifty 50 lost 35 points, settled at 10593.15. Financial services sector were the major gainers and Media sectors were the major losers of the day.
Britain has sold some of its holding in Royal Bank of Scotland which it rescued in the 2008 financial crisis, and has taken a loss of more than 2 billion pounds on the deal. A two-day recovery in European shares lost steam on Tuesday as the lack of progress in U.S.-China trade talks and political noise in Italy kept investors cautious. European STOXX 600 index fell 0.1%.
Today Idea cellular revealed that the Telecom department (DoT) has approved raising the foreign direct investment limit in the company to 100 percent.
NIIT share prices rose1.41% after the company reported that it has entered into a five year long-term Learning and Development agreement with Pitney Bowes.
Biocon share prices surged 6% as the drug maker and its partner Mylan received USFDA approval for a biosimilar of a drug used to treat cancer.
Vedanta Limited said it has deposited an upfront amount of Rs 5,320 crore in the escrow account of Electrosteel Steels Ltd (ESL).
Against Khaitan Electricals, Bank of India files application with NCLT for initiation of corporate insolvency resolution process.
Suntek Realty share prices was up 1.41% after the company annouced thatboard of directors has approved a proposal for an increase in the investment limits by Registered Foreign Portfolio Investors (RFPIs) including FIIs from the existing limit of 24% to 49% of the paid up equity share capital of the company.
Japan stocks were higher after the close on Tuesday, as gains in the Banking, Automobiles & Parts and Steel sectors led shares higher.At the close in Tokyo, the Nikkei 225 added 0.28%.
Philippines stocks were higher after the close on Tuesday, as gains in the Holding Firms, Services and Mining & Oil sectors led shares higher.The PSEi Composite added 1.40%
Taiwan stocks were lower after the close on Tuesday, as losses in the , Electricity and Electronic Parts/Components sectors led shares lower.The Taiwan Weighted declined 0.08%.
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