Key market barometers snapped three-day losing streak on Wednesday. After slipping below 11,950, the Nifty reversed trend to end above 12,000 mark. Shares bounced back in late trade, boosted by news reports that the U.S. and China were edging closer to a trade deal. Following the news reports, the US Dow futures jumped 135 points. Fresh U.S. tariffs on Argentina and Brazil as well as threatened duties on French goods also spoiled trading sentiment. Investors remained cautious ahead the Reserve Bank of India’s policy statement due on Thursday.
South Korean battery maker SK Innovation has signed a six-year deal to buy up to 30,000 tonnes of cobalt from miner Glencore, allowing it produce batteries for 3 million electric vehicles.Stocks extended gains in Europe while U.S. equity futures turned higher after a news report that China and America were moving closer to a trade deal.
Wipro share price rose 2 percent on December 4 company announced the launch of advanced cloud Security Operations Centre (SOC) services using Microsoft Azure Sentinel.
Piramal Pharma Solutions announced collaboration with BerGenBio on the development of FDA fast track designated Leukemia treatment, according to Bloomberg report.
Yes Bank sold its entire stake of 13.77 lakh shares i.e. 5.49% in One Point One Solutions.
Vakrangee to launch India’s first rural focussed loyalty program for its customers
M&M launches BS-VI compliant XUV300 – PTI
L&T announced that the construction arm of the company has significant secured orders from prestigious clients across various Indian states for its varied businesses. As per the company’s classification, the valuation of the significant orders received lies between Rs 1,000 to Rs 2,500 crore.
Japan stocks were lower after the close on Wednesday, as losses in the Paper & Pulp, Railway & Bus and Real Estate sectors led shares lower.The Nikkei 225 fell 1.05%.
Australia stocks were lower after the close on Wednesday, as losses in the Consumer Staples, IT and Energy sectors led shares lower.The S&P/ASX 200 lost 1.58% to hit a new 1-month low.
China’s Shanghai Composite fell 0.27% to 2,877 in early morning trade while the SZSE Component fell 0.13% to 9,644.
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