Key benchmark indices nudged higher for seventh day in a row, logging modest gains on sustained buying demand in index pivotals.Sentiment was boosted by an overnight slide in crude oil prices and the Reserve Bank of India (RBI) announcing additional open market bond purchase.Moreover, market participants are closely watching the Federal Reserve monetary policy guidance for 2019. The Nifty 50 gained 58.60 points and settled the day at 10967.30.Realty sector were the major gainer and IT sector were the major loser of the day.
European shares rose cautiously at the open with gains in the banking and the pharmaceutical sectors lifting the market amid speculation the U.S. Federal Reserve will take a dovish stance toward monetary policy at a meeting later on Wednesday. GlaxoSmithKline (L:GSK) up 5.7 percent after it announced a joint venture with Pfizer’s consumer health division
Biocon share price rose 0.42% after biosimilar Trastuzumab co-developed by Biocon and Mylan received approval in the European Union (EU).
Karnataka Bank announced its strategic partnership with Paisabazaar.com to offer the Bank’s home loan products to customers.
Strides Pharma Science announced that the company and its wholly owned subsidiary, Strides Pharma Asia completed the sale to Mylan Laboratories and Mylan Institutional Inc. of Agila Specialties and Agila Specialties Global respectively
J Kumar Infraprojects share price surged 1.93% after the company said its joint venture secured an order worth Rs 1349 crore.
Lemon Tree Hotels signed license agreement for 69 room property in Pune
Dr Reddy’s Labs received tentative USFDA approval for Sapropterin Dihydrochloride.
China stocks were lower after the close on Wednesday, as losses in the Oil Equipment Services & Distribution, Software & Computer Services and Technology sectors led shares lower. At the close in Shanghai, the Shanghai Composite lost 1.05% to hit a new 1-month low.
Taiwan stocks were higher after the close on Wednesday, as gains in the Optoelectronic, Other Electronic and Semiconductor sectors led shares higher.At the close in Taiwan, the Taiwan Weighted added 0.66%.
Australia stocks were lower after the close on Wednesday, as losses in the Energy, Healthcare and Utilities sectors led shares lower. At the close in Sydney, the S&P/ASX 200 fell 0.16%.
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