Latest Stock Market Trading Updates

The market declined for second consecutive day amid weakness in financial stocks. A fears of a global recession, ongoing US-China trade tensions and uncertainty over Brexit spoiled investor sentiment. The Nifty opened a tad above 11,000 mark, but soon gave up that level in early trade. Continuous selling pressure during mid-morning trade dragged Nifty below 10,950. The index found support at 10,920 level and it managed to close above 10,950. Trading was volatile as the August 2019 F&O contracts expired today, 29 August 2019.

Global Markets

European shares rose after a weak open on Thursday, boosted by a rally in Italian shares, with positive comments from China on its trade talks with the United States helping sentiment. Switzerland’s biggest bank UBS on Thursday appointed former Credit Suisse manager Iqbal Khan to co-lead its flagship wealth management business, as part of a broader shake-up of its executive board.benchmark index (STOXX),rose 0.61%.

Stock Snippets

Oil and Natural Gas Corporation has set up a euro medium term note (EMTN) programme of USD 2 billion which will be listed on Singapore Stock Exchange.

Sterlite Technologies announced the successful completion of its Smart City project in Kakinada, Andhra Pradesh, India.

Muthoot Finance employees unable to open branches due to threats or forcible closure. Staff is being threatened for life if they open branches in Kerala.Out of 623 branches in Kerala, only 265 were open for transaction today. Stock down more than 2 percent.

Share price of JMC Projects declined 5 percent on August 29 after its parent company received a notice from the World Bank.

Granules India announced its intention to divest its entire equity shareholding in Granules OmniChem (GOC) by selling its stake to its joint venture partner.

Shares of Yes Bank continued their downward march for the second straight session after the stock cracked over 7 percent on August 29.

Global Markets

Japan stocks were lower after the close on Thursday, as losses in the Paper & Pulp, Railway & Bus and Real Estate sectors led shares lower.The Nikkei 225 declined 0.09%.

China’s Shanghai Composite and the Shenzhen Component were down 0.3% and 0.5% respectively

Australia stocks were higher after the close on Thursday, as gains in the Gold, Healthcare and Utilities sectors led shares higher.The S&P/ASX 200 rose 0.10%

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