Beneficial Stock Trading News Updates

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Market Snippet
Domestic market logged modest losses weighed by negative global cues after the US Federal Reserve hiked interest rates and struck a hawkish tone in its latest policy statement. Local stocks started the session on negative note and extended the losses as the session progressed. The market breadth also indicates negative signals. The Nifty 50 lost 48.65 points and settled at 10808.05. Pharma sector were the major gainer and IT sector were the major loser of the day.

Global Markets
Credit Suisse to receive $385 Million in Lehman Brothers Agreement.The Swiss bank had initially sought over a billion dollars in compensation for terminated derivatives transactions. European shares fell on Thursday in cautious trade after the U.S. Fed sounded slightly hawkish overnight and ahead of an ECB meeting.

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Stock Snippets

After the Cipla received approval from the US drug regulator for Isoproterenol Hydrochloride injection, share prices of company jumped to 0.46%.
Fortis Healthcare annuciated that the scheme of arrangement and amalgamation between the Company, Fortis Malar Hospitals and SRL is currently pending for approval with the National Company Law Tribunal (NCLT), Chandigarh Bench.
A power purchase agreement signed by Tata Power with GE for 5 MW solar projects.
Adani Transmission has received a letter of intent (LoI) of one Intra State Transmission Project in Uttar Pradesh.
Lupin launches Generic Tobramycin Inhalation Solution USP in the US. It is basically used to treat lung infections.
Bangalore Airport Terminal Services and Container Corp signed MOU to work together for providing Ground Handling and various other airport related services on PAN India basis.
Alembic Pharmaceuticals firms up 7.09% after the company said it received US drug regulator’s approval for Doxycycline Hyclate capsules.

Global Markets

Japan equities were lower at the close on Thursday, as losses in the Mining, Manufacturing and Textile sectors propelled shares lower.At the close in Tokyo, the Nikkei 225 fell 0.99%.
Philippines equities were lower at the close on Thursday, as losses in the Property, Banking & Financials and Industrials sectors propelled shares lower.At the close in Philippines, the PSEi Composite fell 0.97%.
Taiwan equities were lower at the close on Thursday, as losses in the , Other Electronic and Paper & Pulp sectors propelled shares lower.At the close in Taiwan, the Taiwan Weighted fell 1.43%.

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