Closing Bell: Nifty manages to hold 10,400, Sensex ends higher for 5th day. Technology, metals and oil exploration companies' share prices supported the market whereas oil retailers and banks were under pressure.
Closing Bell: Nifty manages to hold 10,400, Sensex ends higher for 5th day.
Technology, metals and oil exploration companies' share prices supported the market whereas oil retailers and banks were under pressure.
Technology, metals and oil exploration companies' share prices supported the market whereas oil retailers and banks were under pressure.
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Market Closing: Benchmark indices closed higher for fifth consecutive session on Wednesday. The 30-share BSE Sensex was up 60.19 points at 33,940.44 and the 50-share NSE Nifty rose 14.90 points to 10,417.20.
Partnership: Mahindra Defence Systems, part of the Mahindra Group today inked a pact with ShinMaywa Industries, Japan, for manufacturing and assembling of amphibious aircraft ShinMaywa US-2 in India.
"The partnership between two companies, familiar with aviation business is positive especially for MRO (maintenance, repair and overhaul) and maintenance services in the Indian defence space", Shukla said.
Mahindra Defence Systems is committed to absorb the technology for the large amphibious aircraft in India, he said.
The MoU envisages both the companies to build up a strategic partnership, Kawanishi said.
Europe Lower: Equities in Europe moved lower as investors began to focus on earnings at the start of a new reporting season.
The pan-European Stoxx 600 was 0.21 percent lower with most sectors trading in negative territory.
Market Update: The market continued to consolidate after four-day rally, as investors await corporate earnings which will start later in the week and macro data due tomorrow.
The market digested higher crude oil prices that hit four-year high. Brent crude oil price is trading above USD 70 a barrel.
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"The partnership between two companies, familiar with aviation business is positive especially for MRO (maintenance, repair and overhaul) and maintenance services in the Indian defence space", Shukla said.
Mahindra Defence Systems is committed to absorb the technology for the large amphibious aircraft in India, he said.
The MoU envisages both the companies to build up a strategic partnership, Kawanishi said.
Europe Lower: Equities in Europe moved lower as investors began to focus on earnings at the start of a new reporting season.
The pan-European Stoxx 600 was 0.21 percent lower with most sectors trading in negative territory.
Market Update: The market continued to consolidate after four-day rally, as investors await corporate earnings which will start later in the week and macro data due tomorrow.
The market digested higher crude oil prices that hit four-year high. Brent crude oil price is trading above USD 70 a barrel.
Click here to get Free Commodity Tips
The 30-share BSE Sensex is up 52.97 points at 33,933.22 and the 50-share NSE Nifty gained 8.20 points at 10,410.50.
PSU Bank is the biggest loser among sectoral indices, falling 2 percent while IT and Metal indices continued to trade higher by 1 percent each.
Oil retailers are biggest losers among Nifty50 stocks, falling 7 percent.
PSU Bank is the biggest loser among sectoral indices, falling 2 percent while IT and Metal indices continued to trade higher by 1 percent each.
Oil retailers are biggest losers among Nifty50 stocks, falling 7 percent.
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