Benchmark indices traded higher on the fourth trading session of the week recovering the losses of yesterday fall and ended higher; on the strong global cues amid the expectations that the European Central Bank (ECB) will extend its asset buying program at a policy meeting later today.Nifty ended the session to close at 8252.70. Click for More
The auto and metal stocks were the major gainer of the day while the Pharma were the major lossers of the day.
Global Markets Update
European shares climbed to a three-month high on Thursday, with investors betting that the European Central Bank will extend its asset purchases after a policy meeting later in the day.
Japan’s Nikkei share average closed at the highest level since last December on Thursday as upbeat Chinese trade data boosted sentiment, while Tepco shares soared on news Japan will increase an interest-free loan related to its Fukushima costs.
Tata Steel shares moved higher as it has firmed up plans for a strong hold position in UK. Tata Steel has pledged to stay in Britain with a 10-year commitment to a one-billion-pound investment plan as part of crucial talks with steelworkers unions to save thousands of jobs in the UK.
Cipla shares gains as company has received final approval for its ANDA (abbreviated new drug application) for Entecavir tablets USP 0.5 mg and 1 mg, from the USFDA (United States Food and Drug Administration).
Crompton Greaves shares tanks in an otherwise market after the company said that its deal with Pauwels Spaco Ltd-an SPV of first reserve (parties) for sale of its power business in Europe, North America and Indonesia stands terminated.
Bharat Forge gains as it completed acquisition of Walker Forge Tennessee LLC and PMT Holdings Inc., USA for a total consideration of $14 million. The acquisition was done through its wholly-owned subsidiary, Bharat Forge America Inc., USA.
Tata Motors rallied on solid JLR sales growth in China and North America. JLR registered a healthy 42 percent growth in China sales, and 20 percent in North America. Click for More
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