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The market ended with strong gains on Thursday, supported by easing crude oil prices and positive news on the US-China trade war front. Banks and metal shares were in demand.

The Nifty ended above 11,550 mark. After a gap-up opening, the Nifty hit its intraday high of 11,610 in morning trade. The index failed to hold 11,600 mark and it pared gains in afternoon trade. It firmed up once again in mid-afternoon trade and settled near the day’s high.   

Global Markets

SoftBank Group Corp is planning to pump an extra $1 billion or more into WeWork by renegotiating a warrant agreement struck before falling valuations delayed the U.S. office-sharing startup’s IPO. Positive noises from China on U.S. trade talks lifted European stocks on Thursday and snuffed out a modest rally in safe-haven assets that had dominated in Asia.European STOXX 600 index (STOXX) rise 0.5%.

Stock Snippets

NHPC signed MoU with Himachal Pradesh government for project worth Rs 4,112 crore.

Manchester-based Voyager Alliance Credit Union has selected TCS BaNCS Cloud for Core Banking as the core platform for its digital transformation. The implementation also covers its associate entity, Retail Credit Union.

Zydus Cadila has received the final approval from the USFDA to market Clobetasol Propionate Lotion, (US RLD – Clobex Lotion), 0.05%.

Share price of AstraZeneca Pharma rose more than 4 percent after company received permission from the Drugs Controller General of India (DCGI).

Shares of Yes Bank declined over 5 percent on BSE to touch their 8-year low of Rs 50.85 and looked on course to extend their losses into the second consecutive session in a positive market on September 26.

Power Mech has received letter of intent/work order for the projects worth Rs 115 crore to be completed in 2-3 years.

Global Markets

Japan stocks were higher after the close on Thursday, as gains in the Paper & Pulp, Railway & Bus and Real Estate sectors led shares higher. The Nikkei 225 gained 0.13%.

Australia stocks were lower after the close on Thursday, as losses in the Gold, Telecoms Services and Utilities sectors led shares lower. The S&P/ASX 200 lost 0.49%.

The Shanghai Composite and the Shenzhen Component fell 0.2% and 1.1% respectively.

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