The stock market ended almost flat on Thursday after rising sharply in afternoon trade as concerns over coronovirus outbreak continued to haunt investors.
Domestic shares surged in the intraday following media reports that the government may ask State Bank of India (SBI) to lead a consortium to buy stake in Yes Bank. However, profit selling emerged in late trade after Yes Bank clarified that it was unaware of any such decision.
Finland’s Nokia Oyj has entered into partnership with Intel to accelerate its so-far sluggish shift to 5G.European shares rose for a fourth straight session on Thursday, as the action taken this week by several major central banks to ease the impact of the coronavirus outbreak on growth fed through into financial markets.The main European equity benchmark (STOXX) rose 0.6%.
Granules India share price gained 4 percent on March 5 after company received USFDA nod for Potassium Chloride Extended-release tablets.
Vodafone Idea share price declined 6 percent and Bharti Airtel moved up a percent on March 5, a day after the Department of Telecommunications (DoT) sent fresh notices to telecom operators on pending adjusted gross revenue (AGR) dues.
Jet Airways share price rose 5 percent intraday on March 5 even after Enforcement Directorate (ED) registered a case against the airlines’ former Chairman Naresh Goyal under the Prevention of Money Laundering Act (PMLA).
Allcargo Logistics share price added 3.6 percent on March 5 as company received SEBI approval to acquire equity stake in the logistic company Gati via open offer.
Maruti Suzuki said that it has partnered with HDB Financial Services to provide car loans.
Reliance Industries acquires 100% stake in Shri Kannan Departmental Store Pvt. Ltd. for a consideration of Rs152.5cr.
Asian shares rallied for a fourth straight session on Thursday as U.S. markets swung sharply higher and another dose of central bank stimulus offered some salve for the global economic outlook.
Japan stocks were higher after the close on Thursday, as gains in the Paper & Pulp, Railway & Bus and Real Estate sectors led shares higher.The Nikkei 225 added 1.09
Australia stocks were higher after the close on Thursday, as gains in the Healthcare, A-REITs and Telecoms Services sectors led shares higher.The S&P/ASX 200 gained 1.11%.