Key market barometers extended Wednesday’s gains and ended near the day’s high on Thursday. The Nifty ended above 12,250 mark. Good manufacturing PMI data for December lifted investors’ sentiment.
The headline seasonally adjusted IHS Markit India Manufacturing PMI rose to 52.7 in December, from 51.2 in November. The number pointed to the joint-strongest improvement in the health of the sector for ten months.
HSBCis being drawn into Hong Kong’s political turmoil with protesters attacking some of its branches and graffiti daubed on the famous pair of lions that guard its city-center headquarters.- European shares started the new decade on a strong note on Thursday on fresh monetary stimulus from Beijing and growing Sino-U.S. trade optimism, while Airbus jumped after a report it toppled Boeing to become the world’s biggest plane maker.
Government official said that ONGC has likely won all 7 blocks under OALP-IV, reported Reuters.
Sterlite Technologies Ltd. rose ~7% in late morning trade after the company informed the exchanges that it has been awarded a global data networks innovator, was recently awarded the mandate to create a high speed rural broadband network from Telangana Fiber Grid Corporation Ltd. (T-Fiber).
Shares of VA Tech Wabag rose 1.5% in the early morning trade after the company has secured Rs1,187cr worth order from Bihar Urban Infrastructure Development Corporation.
Abans Enterprises completed the acquisition of 100% equity stake in LifeSurge BioSciences for consideration in cash.
Prakash Industries secured allocation of long-term coal linkages of 1.69 lakh MT per annum for the next 5 years for its 5th sponge iron kiln
Japan’s Taiho Pharma sues Natco Pharma for patent violation in US, quoting Cogencis, reported CNBC-TV18.
Asian shares kicked off 2020 on a strong note on Thursday, spurred by Chinese markets after Beijing eased monetary policy to support the slowing economy. between the world’s two largest economies.
Australia stocks were higher after the close on Thursday, as gains in the Telecoms Services, Consumer Discretionary and A-REITs sectors led shares higher. The S&P/ASX 200 rose 0.10%.
U.S. stocks were higher after the close on Wednesday, as gains in the Basic Materials, Oil & Gas and Utilities sectors led shares higher. The Dow Jones Industrial Average gained 0.27%, while the S&P 500 index gained 0.29%, and the NASDAQ Composite index added 0.30%.
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