Key indices edged higher in early trade on positive Asian stock. Key indices traded in a small range with positive bias in mid-morning trade. Key equity benchmarks were trading with small gains in afternoon trade. Stocks extended gains in mid-afternoon trade. Strong buying demand propelled the key indices to intraday high in late trade. The Sensex regained the psychological 39,000 level in late trade. The Nifty 50 gained 150.20 points and settled at 11726.15. PSU Banks were major gainer and Auto sector were major loser of the day.
European shares edged lower on Wednesday as signals that China has put broader stimulus on hold overshadowed strong earnings from the likes of SAP and Credit Suisse. STOXX 600 index was down 0.1%. Samsung Electronics Co Ltd plans to invest $116 billion in non-memory chips through 2030, to cut its reliance on the volatile memory chip market and develop chips to power self-driving cars and AI-enabled devices
NCLT approves a merger of IndusInd Bank & Bharat Financial Inclusion.
RBI approves the proposal of HDFC Bank for holding a 9.9% stake in Bandhan Bank.
Tata Global Beverages inks pact to acquire the branded tea business of Dhunseri Tea & Industries for Rs101cr.
Tata Power arm sold 32MW operating wind assets in Maharashtra.
V-Mart Retail has opened two new stores one in the state of West Bengal and one in the state of Uttar Pradesh.
Maruti Suzuki India introduced the New Alto, which has been India’s best-selling car for 15 consecutive years.
Lupin shares corrected more than 3 percent on April 24 after global research house Jefferies retained its underweight call on the stock due to OAI status to Indore unit.
SEBI asked Hotel Leela not to go ahead with sale of units until further orders.
Japan stocks were lower after the close on Wednesday, as losses in the Glass, Paper & Pulp and Rubber sectors led shares lower.The Nikkei 225 fell 0.35%.
China’s Shanghai Composite was down 0.8%, while the Shenzhen Component inched up 0.1%.
Australia’s ASX 200 traded 0.9% higher. The country’s first-quarter consumer price index came weaker-than-expected, according to data released in the morning.
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