Key benchmark indices gained sharply in steady session of trade on strong buying demand in index pivotals.Positive global stocks also boosted sentiment on the domestic bourses.The Nifty 50 gained 133.15 points and settled at 11301.20.Media sector were major gainer and PSU Banks were major loser of the day. On the macro front, industrial production data for January 2019 will be unveiled today, 12 March 2019. India’s industrial production growth accelerated to 2.4% year-on-year in December 2018 from 0.3% in the previous month.
European stocks surged higher after U.K. Prime Minister Theresa May claimed a major breakthrough in talks over Brexit with EU Commission President Jean-Claude Juncker. Amazon.com has decided to stop telling third-party sellers on its platform that they cannot offer lower prices on competing websites. The benchmark Euro Stoxx 600 was up 3.58 points, or 1.0% at 374.16.
Piramal Enterprises rose 1.22% after the company launched Mitigo in the US market.
Welspun Corp received additional pipe order of 212 KMT. The company stated that its order book stood at 1667 KMTs valued at Rs14,500c.
The Reserve Bank of India has imposed a penalty of Rs1cr on Corporation Bank due to deficiency in regulatory compliance.
PSP Projects received work orders worth Rs601cr from various clients. The total work orders for financial year 2019 (till date) stand at Rs1,442.47cr.
Shares of Kalpataru Power gained 4% on Tuesday after its subsidiary JMC Projects (India) Limited (JMC) won orders worth Rs547cr.Deep Industries Ltd’s stock zoomed 5.5% on the BSE in the afternoon trade. The company has received Letter of Award of contract from ONGC, for charter hiring of 01 No. of 1000 HP Mobile Drilling Rig for Ahmedabad Asset
Japan stocks were higher after the close on Tuesday, as gains in the Shipbuilding, Machinery and Precision Instruments sectors led shares higher.The Nikkei 225 added 1.79%.
Chinese blue chips (CSI300) rose 1.3%, extending the previous day’s 2 percent gain.
Australia stocks were lower after the close on Tuesday, as losses in the Gold, Consumer Discretionary and Financials sectors led shares lower.The S&P/ASX 200 fell 0.09%.
(Click to submit your details) Just one step to get best trading tips and Recommendation.