The benchmark indices surged higher after opening gaped ip following the global equities peers after the Federal Reserve signalled rate settings were likely to remain accommodative, but the imminent UK election and a deadline for Sino-U.S. trade talks kept investors cautious.Nifty settled at 12028.65.

Metals shares were the major gainers of the day while Media shares were the major gainers of the day.

Global Markets

Intel Corp has hired Gary Patton, who was chief technology officer at semiconductor maker GlobalFoundries, Patton previously spent more than a decade in the chip unit at International Business Machines Corp. U.S. stocks were higher as gains in the Basic Materials, Industrials and Technology sectors led shares higher.The Dow Jones Industrial Average added 0.11%.

Stock Snippets

Tech Mahindra announced that it has bagged its largest smart city project worth 500 crore from Pimpri Chinchwad Municipal Corporation (PCMC).Through this project, Tech Mahindra will engage with more than 15 lakh citizens of PCMC by enabling technology-led transformation to convert it into a smart and sustainable city.

L&T Construction has bagged an order from Rail Vikas Nigam Limited (RVNL) for the construction of Rishikesh-Karanprayag Tunnel 2 package works.

Reliance Industries Ltd (RIL) on Thursday said its subsidiary has picked up 85 per cent stake in NowFloats Technologies for a cash consideration of Rs 141.63 crore.The stake purchase is aimed at strengthening the group’s digital and new commerce initiatives.

NLC India Ltd plans to commence mining from its Talabira-II & III coal blocks in Odisha’s Sambalpur from the next fiscal year. Annual production capacity from the coal blocks with estimated deposits of 554 million tonnes (mt) is pegged at 20 mt

Global Markets

 

Asian stocks rose on Thursday to the highest in a month after the Federal Reserve signalled rate settings were likely to remain accommodative, but the imminent UK election and a deadline for Sino-U.S. trade talks kept investors cautious.

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 added 0.14%.

Australia stocks were lower after the close on Thursday, as losses in the Telecoms Services, A-REITs and IT sectors led shares lower. The S&P/ASX 200 lost 0.65%.

(Click to submit your details) Just one step to get best trading tips and Recommendation.

Leave a Reply

Your email address will not be published. Required fields are marked *