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Benchmark indices ended the volatile day on flat note with Nifty finished the July F&O series below 11,300 mark. At close, the Sensex was down 16.67 points at 37830.98, while Nifty was down 9.50 points at 11261.80. On the sectoral front, except IT and energy, all other sectoral indices are trading higher led by the pharma, FMCG, auto and infra. On macro front, Reserve Bank of India (RBI) reported that currency in circulation decreased by 0.80% on the week to stand at Rs 21.90 trillion as on 12th July 2019.

Global Markets

Nissan Motor Co is axing 12,500 jobs and warned a quick turnaround in its performance was not imminent after reporting its quarterly profit was nearly wiped out. European shares opened higher as strong reports from drugmaker Roche, brewer AB Inbev and luxury goods house LVMH stood out in a torrent of earnings, ahead of a highly-anticipated European Central Bank rate decision. Euro Stoxx 50 futures up 0.45%

Stock Snippets

Yes Bank: ICRA has downgraded Basel III Compliant Tier I and Tier II bonds with a negative outlook.

Shares of Caplin Point Lab soared 11% after it has received the EIR from USFDA.

NTPC has signed a MoU with BHEL for developing the world’s most efficient friendly coal-fired power plant.

Cipla USA Inc., a wholly-owned subsidiary of the leading global pharmaceutical company Cipla Limited, announced the acquisition of the prescription drug ZEMDRI™ (Plazomicin) from Achaogen Inc. (“Achaogen”), U.S. Bankruptcy Code auction of Achaogen’s assets.

DHFL defaulted on payment of NCDs worth Rs8.07cr which was due on July 23.

Reliance Capital said it has fully repaid its outstanding commercial paper (CP) of Rs 75 crore and cut its CP dues to zero.

Power Finance Corporation says that Reliance Capital increased its stake by 2.8% to 5.15%.

Global Markets

Asian shares rose after a cautious start, while the euro hovered near two-month lows as soft economic data fueled hopes the European Central Bank could cut rates at its meeting on Thursday.

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 0.22% to hit a new 1-month high.

Australia stocks were higher after the close on Thursday, as gains in the Healthcare, IT and Industrials sectors led shares higher. The S&P/ASX 200 rose 0.61% to hit a new 5-year high.

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