The Sensex ended with modest gains while the Nifty ended almost flat. Gains in HDFC Bank, Larsen & Toubro and ITC boosted indices, while weakness in Infosys and HDFC capped gains.Indices rose in early trade and advanced further to hit fresh intraday high in morning trade. Indices were trading near flat line in early afternoon trade. Indices bounced back sharply and hit fresh intraday high in mid-afternoon trade. Barometers came off day’s high in late trade as profit booking emerged at higher levels.
Huawei Technologies sued the U.S. government saying a law limiting its U.S. business was unconstitutional, ratcheting up its fight back against a government bent on closing it out of global markets. European shares retreated further from five-month highs ahead of ECB meeting that is expected to slash growth forecasts and hint at a new round of ultra-cheap loans for euro zone banks. European STOXX 600 index was down 0.4%.
Tata Motors has announced its partnership Delhi-based Wise Travel India (WTi) for the supply of the Tigor electric vehicles.
Biocon has received six observations under form 483 for its Bengaluru facility.
Tata Power crossed the seven-lakh consumer base milestone in Mumbai.
Raymond terminated a development management agreement with subsidiary Colorplus Realty Ltd.
NELCO secured in-flight and maritime connectivity license from the Department of Telecommunications.
Shares of Larsen & Toubro (L&T) are trading 3% higher after the company’s construction arm received orders for its Buildings & Factories, Metallurgical & Material Handling and GeoStructure businesses across varied states in India.
Pennar Industries Limited (PIL) has bagged orders worth Rs302cr during the month of February 2019, across its various business verticals and the subsidiary, PEBS Pennar.
Asian shares eased on Thursday, as investors showed caution over the outlook for global growth as they awaited the outcome of Sino-U.S. trade negotiations, while the euro remained under pressure ahead of the European Central Bank meeting.
Chinese stocks were mixed, with the Shanghai Composite rising 0.2 percent, while the blue-chip CSI 300 and Hong Kong’s Hang Seng shed 1.0 percent and 0.7%, respectively.
Japan stocks were lower after the close on Thursday, as losses in the Chemical, Petroleum & Plastic, Shipbuilding and Rubber sectors led shares lower. The Nikkei 225 declined 0.65%.
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