Benchmark indices traded higher in very volatile trade session amid Gujarat and Himachal Pradesh state assembly election result declaration. The win of BJP in both the states had resulted in overall buying action boosting the investor’s sentiments as the win symbolizes faith in PM’s GST and demonetization decision. Nifty ended at 10404.30. PSU banks were the major gainers of the day while Realty shares were the losers of the day.
Global Markets Update
U.S. EV battery company Solid Power said it had partnered with Germany’s BMW AG to develop the next-generation solid-state battery technology for use in electric vehicles.
Global stocks were broadly higher across the board as investors celebrated the imminent approval of Trump’s tax overhaul. U.S. stocks closed at record highs on Friday as news that Republicans holding out on approval gave their support.
Shares of Dish TV moved higher as it said that the Ministry of Information and Broadcasting has approved the merger of Videocon d2h with the company.
Wipro has announced a partnership with San-Francisco-based Headspin Inc to offer quality engineering and testing solutions on global mobile networks.
RCom and China Development Bank approached the National Company Law Tribunal in Mumbai for an adjournment of the latter’s insolvency petition till next month, amid talks they have begun negotiations for an out-of-court settlement.
Reliance Infrastructure unit that operates metro services in Mumbai has submitted a proposal under Scheme for Sustainable Structuring of Stressed Assets to its lenders to lower its debt exposure.
Eros International Media has announced a four-film co-production deal with leading production house, Drishyam Films. The first of the four projects, titled Kaamyaab starring Sanjay Mishra along with Deepak Dobriyal and directed National-Award winning filmmaker Hardik Mehta has already gone on floor and commenced shooting on November 25.
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