Domestic market ended with decent gains, backed by firmness in banks shares, as investors shifted their focus to September quarter earnings season. The Nifty 50 gained 72.25 points and settled the day at 10584.75. All the sectorial indices ended the session in positive note. Among them, PSU Banks and Realty sector were the major gainers of the day. On the macro front, India’s merchandise trade deficit during April-September 2018 was reported at $94.32 billion and $13.98 billion in September 2018, which is the lowest in last 5 months.
European shares rose in early trading on Tuesday helped by stronger defensive stocks, as the focus turned to the start of the reporting season which is expected to deliver double-digit earnings growth for the third quarter. Volvo said, an emissions control component used in its vehicles was degrading more quickly than expected, which could cause engines to exceed emission limits for nitrogen oxides.
Sterlite Technologies announced that it has been awarded the confirmed Purchase Order for designing, building and managing the Indian Navy’s digital network
Astron Paper & Board Mill Limited’s located at Halvad; Gujarat has commenced commercial production of kraft paper from i.e 15th October, 2018 having installed capacity of 33000 MT/year.
NTPC informed that the company will discontinue operations at its Badarpur Thermal Power Station, New Delhi from Oct. 15. The station has a total installed capacity of 705 MW.
Share price of Future Retail Ltd jumped up 4.7% after media informed that Amazon.com Inc is likely to buy an at least 7-8 per cent stake in Future Retail Ltd through an investment arm.
ICICI Bank share prices moved up 3.03% after the bank announced that the Reserve bank of India (RBI) has approved the appointment of Sandeep Bakhshi as managing director & CEO of the bank for a period of three years with effect from 15 October 2018.
Philippines stocks were higher after the close on Tuesday, as gains in the Industrials, Property and Mining & Oil sectors led shares higher. The PSEi Composite rose 0.87%. Japan stocks were higher after the close on Tuesday, as gains in the Mining, Transport and Fishery sectors led shares higher. The Nikkei 225 gained 1.25%.
Taiwan stocks were higher after the close on Tuesday, as gains in the Semiconductor, Oil, Gas & Electricity and Electronic Parts/Components sectors led shares higher. The Taiwan Weighted added 0.81%.
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