Key equity indices provisionally ended a tad lower after alternately swinging between positive and negative zone throughout the trading session. Domestic stocks edged higher in early trade led by gains in ICICI Bank, Axis Bank and Reliance Industries. A bout of volatility was seen in mid-morning trade as the key indices erased intraday gains to sink in negative zone.ey equity indices firmed up in afternoon trade. Indices extended gains in mid-afternoon trade. Stocks erased gains in late trade. The Nifty 50 lost 0.40 points and settled at 10651.80
Overseas, European markets were trading higher Wednesday, as investors awaited Federal Reserve monetary policy guidance and the outcome of high level trade talks between the US and China. Most Asian stocks were trading higher on Wednesday. The US Fed began its two-day policy-setting meeting with Chairman Jerome Powell scheduled to hold a news conference to discuss the central bank’s plans on Wednesday.
Asian Paints started commercial production of its Andhra Pradesh paint factory from Jan 29.
HG Infra Engineering received financial closure from NHAI for HAM project in Gurgaon worth Rs606cr.
RPP Infra has received a Letter of Intent (LoI) from Bharat Heavy Electricals Limited (BHEL) worth Rs40.2cr in Tuticorin, Tamil Nadu for the fabrication & erection of structural steel for their powerhouse, to be completed within 24 months
Shares of DHFL dropped over 5% after investigative news portal Cobrapost claimed that the primary promoters of the housing finance firm had siphoned off more than Rs31, 000cr of public money in one of the biggest financial scams.
Coal India said that a meeting of the board of directors of the company is scheduled on 4 February 2019 to consider and approve buyback of equity shares of the company.
Bosch gained 2% ahead of the company’s buyback offer which will open on February 6 and close on February 20
Japan stocks were lower after the close on Wednesday, as losses in the Finance & Investment, Gas & Water and Financial Services sectors led shares lower. At the close in Tokyo, the Nikkei 225 fell 0.52%.
China stocks were lower after the close on Wednesday, as losses in the Software & Computer Services, Media and Technology sectors led shares lower. At the close in Shanghai, the Shanghai Composite declined 0.72%.
Taiwan stocks were higher after the close on Wednesday, as gains in the Computers & Peripherals, Textile and Cement sectors led shares higher. At the close in Taiwan, the Taiwan Weighted added 0.01%.
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