Key barometers ended with decent gains, mirroring positive global cues. The Nifty 50 index rose 39.95 points or 0.34% to 11,962.65, as per the provisional closing data. The Nifty retracted after touching 12,000 mark in mid-afternoon trade.Globally, investors were relieved that the United States shelved plans to impose tariffs on Mexico. Hopes that US interest rates will be cut as early as next week also supported shares.Among the sectors, buying was seen in the auto, bank, energy, metal, IT and infra, while FMCG ended marginally lower.
Plans to merge carmakers Renault and Fiat Chrysler could re-emerge despite the breakdown of negotiations last week, France’s transport minister said on Tuesday.European shares gained ground on Tuesday, with Germany’s carmakers outperforming, as risk appetite held firm after the United States stepped back from imposing tariffs on Mexico. European STOXX 600 climbed 0.62%.
Sterlite Technologies stock in focus as its promoters has announced that they have removed their entire pledge on STL’s shares with immediate effect.
DHFL completed the sale of a full stake in Aadhaar Housing Finance to Blackstone.
Bharti Airtel to pay Tanzanian government $26.2mn settle ownership dispute.
Reliance Industries plans to shut down one of crude distillation units and coker unit in Jamnagar for routine maintenance and inspection activities for three-to-four weeks from June 20.
Shares of Jet Airways plummeted as much as 13 percent after reports emerged that Hinduja Group and Etihad Airways may no longer proceed with plans to revive the ailing carrier.
BHEL has secured a prestigious order for the erection work of the upcoming 2×1000 MWe Turbine Generator (TG) island Units 3&4 at Kudankulam Nuclear Power Project in Tamil Nadu being set up with foreign cooperation (Russia).
Japan stocks were higher after the close on Tuesday, as gains in the Textile, Electrical/Machinery and Chemical, Petroleum & Plastic sectors led shares higher.The Nikkei 225 gained 0.33%
The Shanghai Composite and the Shenzhen Component both jumped 1.9%. Hong Kong’s Hang Seng Index was up 0.8%.
Australia stocks were higher after the close on Tuesday, as gains in the Healthcare, Industrials and Consumer Discretionary sectors led shares higher. The S&P/ASX 200 added 1.59% to hit a new 5-year high.
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