In a volatile session of trade, a divergent trend was witnessed as the Sensex provisionally settled with small losses while Nifty 50 registered tiny gains. In early trade, local stocks trimmed initial gains amid mild volatility. Key benchmark indices reversed gains and hit intraday low in negative zone in mid-morning trade. Volatility ruled the roost in early afternoon trade as key benchmark indices once again regained positive zone. The Nifty 50 gained settled the day at 11389.45. Media sector were the major gainer and PSU Banks were the major loser of the day.
Tesla Inc has started hiring for its new Shanghai factory, according to job postings on its website, just a month after the U.S. electric vehicle (EV) maker signed agreements with local authorities for the $2 billion project. European shares bounced back strongly on Tuesday as investors cheered UniCredit results but gave Germany’s Commerzbank a damp reception, while a profit warning sank Pandora’s stock.
Larsen & Toubro share prices rose 0.65% after the company enunciated that Larsen & Toubro Construction has won orders worth Rs 1904 crore across various business segments.
Adani Ports and Special Economic Zone plunged 5.8% after consolidated net profit fell 9.14% to Rs 697.40 crore on 12.17% decline in net sales to Rs 2411.03 crore in Q1 June 2018 over Q1 June 2017.
Sun Pharmaceutical Industries share prices gained 0.36%. The company announced that it launched Kapspargo Sprinkle (metoprolol succinate) in the US, for the treatment of hypertension, angina pectoris, and heart failure.
JSW Steel released the data of crude steel production at 13.78 lakh tonnes for July 2018, growth of 8% over corresponding month of previous year.
To help banks improve their ability to detect financial crimes and enhance reconciliation management, Mindtree is using artificial intelligence and machine learning technology. These service offerings are made possible through a partnership with Tookitaki’s machine-learning- powered platform.
Portugal stocks were higher after the close on Thursday, as gains in the Basic Materials, Industrials and Technology sectors led shares higher. At the close in Lisbon, the PSI 20 rose 0.32%.
Asian markets extended their gains in afternoon trade on Tuesday, tracking overnight gains on Wall Street. Chinese stocks outperformed their regional peers as investors shrugged off recent U.S. China trade dispute.
Meanwhile, Japan’s Nikkei 225 traded 0.6% higher. Softbank Corp took center stage after reports on Tuesday suggested the company is considering an IPO for its domestic wireless business, which valuation could reach as high as $90 billion.
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