Domestic indices opened the session with partial gain but closed with negative note after new retaliation plan by China for US tariffs. Market extends its losses after opening of European market in negative territory. Nifty future closed at 10140 around its day low of 10131. Tata motors were the top gainer in the list as it shows good sales in JLR and new product launch for the month of March 2018. Auto sector gains the most whereas metal sector were the losers supported by PSU bank and IT.
Global Markets Update
European markets were trading lower as worries in between US and China continues and extends losses when US announced new tariffs for Chinese products. DAX is trading around 1.25% down from previous close, maximum fall in all indices.
German IT-leasing specialist Grenke was the best performing stock, up about 5.9 percent after a positive trading update for the first quarter.
Tata Motors gains 5 percent after sales number of JLR reported 83 percent jump in last fiscal also plans for 10 new products to launch in India.
Eicher Motors lined up capex plan of Rs 800 crore for setting up of plant in Tamil Nadu and increases production capacity to 9.5 lakhs unit.
Zensar Technology gained around 7 percent after company receive multi million dollar contract for network services form the City of SanDiego.
Akzo Nobel India jumped by 10 percent in intraday trade before board meeting as consideration of share buyback from the company.
Helsinn Group and Glenmark Pharmaceuticals in India and Nepal enter for exclusive licensing agreement for launch of AKYNZEO in both countries.
State owned construction firm NBCC received Rs 415.73 crore order, sanction for construction of 14460 bunkers in villages of Jammu and Kashmir along the Indo Pak border area.
Nikkei closed with partial gain after choppy trade supported by some automakers as they showed strong US sales numbers. Closed at 21319.55 up by 0.13% after travel across positive and negative territory throughout the session.
Australian markets were down from continuously four trading sessions as big banks contribute to 0.30% fall.
South Korea’s KOSPI index drags by 1.41 percent supported by decline in the technology sector as Samsung Electronics closed in negative by 2.49 percent.
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