Benchmark indices remained flat on the third trading session of the week after Centre and state governments failed to reach consensus on the issue of dual control at Goods and Services Tax (GST) Council meeting that ended today though Global sentiments were supportive for the domestic market. Nifty ended the session to close at 8204. The Realty and IT Stocks were the major gainers of the day while PSU bank stocks were the losers for the day. Click for More
Global Markets Update
Toshiba shares fell more than five percent on Wednesday after media reported that Japan’s security watchdog suspects it of padding profits by 40 billion yen ($339.59 million) over three years.
European shares edged down from a one-year high on Wednesday, with retailers in focus after standout faller Next cut its profit guidance and cautioned on future trade.
HCL Technologies shares rallied after the company announced the completion of the acquisition of Butler America Aerospace, LLC w.e.f (with effect from) Tuesday, January 3, 2017.
Jubilant Life Sciences rallied after company’s wholly own subsidiary Jubilant Pharma has signed long term contracts with distribution networks in the US for supply of products used for diagnostic and therapeutic procedures.
MOIL gains more than 3 percent today on National stock exchange (NSE) after the company raised prices of various grades of manganese ore by 5-15 percent.
Wockhardt tanks after USFDA (US Food and Drug Administration) has issued a warning letter to Wockhardt’s Ankleshwar plant.
NBCC board approved the issue of one bonus share for every two held. Immediately after the news was announced, the stock erased gains.
Indiabulls Housing Finance shares dips 3 percent as the company reduced its home loan rates by 45 basis points, bringing it down to lowest in six years.