Trading for the day began on a strong note as election results showed the Narendra Modi-led NDA leading in early trends. Stocks extended gains in morning trade after election trends showed that Narendra Modi-led NDA is leading in over 300 seats. Key indices pared gains in volatile trade soon after scaling fresh record high in mid-morning trade. The Sensex scaled record high above the 40,000 mark while the Nifty scaled fresh record high above the psychological 12,000 mark in mid-morning trade.Indices dropped in negative zone in late trade.
Novartis has 25 potential blockbuster treatments in development, the company said ahead of a management event in the United States on Thursday. European shares fell sharply on Thursday, as investors grappled with the latest round of U.S.-China trade friction while British Prime Minister Theresa May faced growing pressure to resign.The pan-European STOXX 600 had dropped 0.8%.
Shares of ITI gained 3% after it signed a Memorandum of Understanding (MoU) with the Department of Telecommunications, Ministry of Communications, Government of India for the year 2019-20.
Reliance Capital will exit its entire stake in Reliance Nippon to Nippon Life.
Biocon’s Health Canada approved company’s and Mylan’s biosimilar product Ogivro.
HDFC Bank board approved share split of each share into two. Expected time of completion within three-four months from shareholder’s approval in AGM (to be held on July 12).
Wipro announced that it has developed a blockchain-based payment solution for Travacoin, a company specializing in an eponymous digital payment solution.
Emami stock in focus as SEBI approved Emami Cement’s IPO which could hit the market in the next six months, as per media reports.
Japan stocks were lower after the close on Thursday, as losses in the Railway & Bus, Marine Transport and Transport sectors led shares lower. The Nikkei 225 fell 0.62%.
Australia stocks were lower after the close on Thursday, as losses in the Energy, Resources and Metals & Mining sectors led shares lower. The S&P/ASX 200 fell 0.29%.
China stocks fell on Thursday morning as traders kept an eye on developments between U.S. and China amid a recent escalation in trade tensions. The Shanghai Composite and the Shenzhen Component were down 0.4% and 1.3% respectively.
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