Domestic bourses ended with losses as a day before US and China was to hit each other with import tarrifs that worried market participants across Asia. As trading was volatile, in early trade indices hit fresh intraday high but after some range bound trading, the indices declined, trimmed the gains and extend losses as the session progressed. The Nifty 50 lost 20 points and closed the session at 10749.75. FMCG sector were the major gainers and Realty sector were the major losers of the day.
Glencore Plc will buy back as much as $1 billion of its shares; a move that may soothe investor confidence after the world’s biggest commodity trader was hit by a U.S. Department of Justice probe. A strong rise across autos boosted European shares on Thursday, as hopes over a softening in U.S. trade rhetoric lifted the sector, though trading remained cautious ahead of a U.S. deadline to impose tariffs on Chinese goods.
Biocon share prices surged 1.1% after the company announced that it has received the EU GMP certification for its sterile drug product manufacturing facility in Bangalore.
Va Tech Wabag advanced 2.5% after the company scheduled a board meeting on 9 July 2018 to consider and approve the fund raising proposal.
Reliance Industries annunciated that its subsidiary – Reliance Brands has purchased 12.5% equity stake in Future101 Design (Future101) worth Rs.9.50 crore.
Yes Bank share prices rallies 3% after the Reserve Bank of India’s approval granted to the bank to sponsor a mutual fund followed by SEBI’s in-principle approval received subsequently.
Supreme court asked JP associates to deposit at least Rs 650 cr for refund of principal amount to home buyers.
Religare Finvest filed application against Bharat Road Network under IBC claiming a default of Rs 51.30 crore.
Subex has won a multimillion dollar contract with Optus, Australia to implement its ROC Network Asset Management solution.
Japan stocks were lower after the close on Thursday, as losses in the Electrical/Machinery, Machinery and Precision Instruments sectors led shares lower. At the close in Tokyo, the Nikkei 225 fell 0.78% to hit a new 3-months low.
Philippines stocks were lower after the close on Thursday, as losses in the Holding Firms, Industrials and Banking & Financials sectors led shares lower. The PSEi Composite declined 1.56%.
Taiwan stocks were lower after the close on Thursday, as losses in the, Electronic Parts/Components and Machinery sectors led shares lower. At the close in Taiwan, the Taiwan Weighted declined 1.03% to hit a new 1-month low.
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