Key benchmark indices ended with modest losses after a volatile session of trade. Domestic stocks were trading lower in early trade on negative Asian stocks. A bout of volatility was seen in morning trade as fresh selling derailed a brief intraday recovery. Weakness persisted on the bourses in mid-afternoon trade. Stocks erased intraday losses to regain positive zone in late trade. The Nifty 50 lost 9.35 points and settled at 10652.20. Pharma sector were major gainers and realty sector were major loser of the day
European shares were slightly higher on Tuesday, as investors flocked to stocks considered safe in times of economic uncertainty after a series of profit alerts from US companies and amid continued worries about trade frictions. Asian shares edged lower on Tuesday as prospects for a long-awaited U.S-China trade deal was dealt another blow after the United States leveled sweeping criminal charges against Huawei.
IndusInd Bank has announced the launch of ‘IndusInd Bank PAYBACK Credit Card’, a co-branded credit card in partnership with PAYBACK – the country’s largest multi-brand loyalty program.
Zee Media Corporation share price fell 4% after the company said its independent director, Vishwapati Trivedi, resigned with effect from 27 January 2019.
NLC India signed a Memorandum of Understanding with the Government of Tamil Nadu during the Global Investors Meet held at Chennai on 23 and 24 of January 2019 for setting up of Mines & Power Projects in Tamil Nadu.
L&T Technology Services has consolidated its status as a ‘Leader’ in the Zinnov Zones 2018 report across 10 business verticals for the third year in a row.
Strides Pharma Science announced that its step-down subsidiary Strides Pharma Global has approved the sale of its entire Australian business (including Arrow).
Japan stocks were higher after the close on Tuesday, as gains in the Gas & Water, Paper & Pulp and Communication sectors led shares higher. At the close in Tokyo, the Nikkei 225 rose 0.08%.
China stocks were lower after the close on Tuesday, as losses in the Oil Equipment Services & Distribution, Gas, Water & Multi utilities and Technology Hardware & Equipment sectors led shares lower. At the close in Shanghai, the Shanghai Composite declined 0.10%
Taiwan stocks were lower after the close on Tuesday, as losses in the Semiconductor and Electronics sectors led shares lower. At the close in Taiwan, the Taiwan Weighted fell 0.82%.
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