Domestic market ended sharply lower amid high volatility, dragged by auto and financial stocks.The Sensex ended below the psychologically important 35,000 mark. The Nifty 50 opened on positive note but could not able to sustain at higher level (10700 marks) and throughout the day traded with negative sentiments. The Nifty 50 lost 131.70 points and settled the day at 10453.05. FMCG sector were the major gainer and PSU Banks were the major loser of the day.
European shares inched higher on Wednesday led by technology stocks, as some upbeat earning updates including from semiconductor bellwether ASML buoyed sentiment following a turbulent start to the month. Japan’s Fujifilm Holdings Corp has won an appeal in its legal battles with Xerox Corp, with a New York court overturning preliminary injunctions requested by an activist investor that had blocked their planned merger.
Axis Bank has raised USD 50 million under the GMTN Programme through its Dubai International Financial Centre (DIFC) branch.
NBCC has inked a Memorandum of Understanding (MoU) with the ministry of external affairs to construct Mahatma Gandhi International Convention Centre (MGICC) at Niamey, Niger.
Edelweiss Infrastructure-backed Sekura Energy will acquire two operational and two under-construction power transmission assets from Essel Infraprojects Ltd. The total cost of the acquisition is slated to be $800mn.
NHPC’s Baira Siul Power Station (180MW) in Himachal Pradesh goes for a complete shutdown for six months, starting Oct 15, for renovation and modernization works.
Aban Offshore acquired 100% interest in UK Continental Shelf Production License and sold 50% interest in the same.
Zydus Cadila has received approval from the USFDA to market Clobetasol Propionate Cream, (US RLD – Temovate® Cream), 0.05%.
Philippines stocks were higher after the close on Wednesday, as gains in the Mining & Oil, Banking & Financials and Industrials sectors led shares higher.The PSEi Composite rose 1.61%. Japan stocks were higher after the close on Wednesday, as gains in the Mining, Shipbuilding and Rubber sectors led shares higher.The Nikkei 225 gained 1.29%. Taiwan stocks were lower after the close on Wednesday, as losses in the, Oil, Gas & Electricity and Other Electronic sectors led shares lower. The Taiwan Weighted fell 0.02%.
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