The domestic stock market ended with robust gains on Thursday, supported by strong global cues, reversal in crude oil prices and a sharp rebound in rupee. Global stock markets advanced as the United States and Iran backed away from the brink of conflict in the Middle East while investors reversed their safety plays.
Except IT, all other sectoral indices ended higher led by the PSU bank, infra, auto, metal, energy, FMCG and pharma.
Daimler sold 2.34 million Mercedes-Benz passenger cars in 2019, the ninth consecutive year of record sales, putting the German carmaker in pole position for retaining the title of biggest-selling premium car brand. European shares touched a record high Thursday, tracking broader gains in global equities, after the United States and Iran backed away from further military escalation in the Middle East. STOXX 600 index rose 0.6%.
Shares of Jet Airways were locked in upper circuit for the eight straight sessions after media reports saud that the airline has received its second expression of interest (EoI) from an unidentified “high net worth, domestic, non-aviation company
Vodafone Idea shares fell 4% after the Supreme Court rejected telecom companies’ open court hearing plea against the AGR judgment.
State Bank of India (SBI) announced Residential Builder Finance with Buyer Guarantee (RBBG) to safeguard homebuyers financially by issuing a guarantee for completion of projects to customers availing SBI Home Loans
Bharti Airtel launched qualified institutional placement to raise Rs14,400cr at an indicative floor price of Rs435 – discount of 5.2% to last closing.
Strides Pharma Sciences’ R Ananthanarayanan was appointed new managing director and CEO of the company with effect from January.
Asian markets rebounded in morning trade on Thursday after U.S.-Iran tensions appeared to ease somewhat. China’s Shanghai Composite and the SZSE Component gained 0.5% and 1.1%.
Japan stocks were higher after the close on Thursday, as gains in the Paper & Pulp, Railway & Bus and Real Estate sectors led shares higher. The Nikkei 225 gained 2.31%.
Australia stocks were higher after the close on Thursday, as gains in the IT, Healthcare and Consumer Discretionary sectors led shares higher. The S&P/ASX 200 added 0.83% to hit a new all time high.
(Click to submit your details) Just one step to get best trading tips and Recommendation.