Benchmark indices traded higher on the second trading session of the week amid weak global cues as most Asian stocks fell ahead of key global events set to take place this week, including a meeting tomorrow of global oil producers and the release of the US non-farm payroll report this Friday. Nifty ended the session to close at 8176.
Auto and Consumer Durable stocks were the major gainers of the day while Pharma and Banking stocks were the losers of the day.
Global Markets Update
Tech giant Samsung Electronics Co Ltd under pressure from shareholders to improve investor returns, said on Tuesday it will consider creating a holding company in what would be the biggest shake-up in its 47-year history.
Japanese stocks dropped on Tuesday in thin trade after Wall Street fell, while a stronger yen hurt sentiment and insurers took a breather from recent gains.
Adani Ports shares gains after informed that the company has raised Rs 1300 crore by allotment of 13000 rated, listed, secured, taxable, redeemable, NCDs (non-convertible debentures) of the face value of Rs 10,00,000 each on private placement basis.
Cipla Ltd nnounce the appointment of Ireena Vittal as an Independent Director on its Board with effect from December 1, 2016. Stock ends on a flat to negative note on NSE today.
Tata Steel has signed an agreement with global industrial and metals group, Liberty House to sell its speciality steel business in the UK for £ 100 million. The acquisition is expected to be completed early in the first quarter of 2017.
Idea Cellular gains nearly 5 percent today as company is likely to 100 percent stake in its tower subsidiary. The Aditya Birla Group company has dropped its earlier plans to sell a minority stake in the business and now it is looking to sell 11,000 telecom towers for close to USD 1 billion.
Natco Pharma gets final nod of Abbreviated New Drug Application (ANDA) containing a paragraph IV certification filed with the USFDA (US Food and Drug Administration) for generic version of Armodafinil Tablets, 50 mg, 150 mg, and 250 mg.
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