Indices opened on a mixed note and turned range bound near flat line in morning trade. After hovering in a narrow range mid-morning trade, indices firmed up in early afternoon trade and hit fresh intraday high in mid-afternoon trade. Barometers spurted in late trade.The Nifty 50 gained 100.10 points and settled at 11257.10.On the sectoral front, all except pharma are in the green, with Pharma being the biggest loser, down 0.21 percent. Media stocks are the biggest gainers, up 2.26 percent on Nifty.
Tesla Inc will update its battery software after two recent fires involving its Model S electric vehicles (EV) in Shanghai and Hong Kong. European shares retreated on Thursday after Washington blacklisted Chinese telecoms giant Huawei, adding another confrontational element to the U.S.-China trade dispute. The STOXX 600 index fell 0.4%.
Tata Chemicals Ltd. will demerge its food business to Tata Global Beverages Ltd. Shareholders will get 114 shares of Tata Global for every 100 held in Tata Chemicals.
Ashok Leyland bags contract for supplying 400 units of Eagle 916 Minibuses valuing Euro 10.06 million
Tata Communications and Cisco have extended their partnership to enable enterprises to transform their legacy network to a customised and secure multi-cloud native hybrid network.
DGCA de-registers 83 aircraft of Jet Airways. The aviation watchdog is considering de-registration of 11 more planes.
GAIL has approved revival ofexisting LPG Plant at Usar, Distt. Raigad Maharashtra and converting it into 500 KTPA Polypropylene complex with an estimated investment of Rs 8800 crore.
IFB Industries completed the transaction of acquisition of Industrial Laundry Equipment business from Ramsons Group.
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