Despite the global markets remaining vulnerable by amplified pessimism regarding a solution to the US-China trade war, the Indian markets are expected to open the session on a positive note. At the time of writing, the SGX Nifty was trading higher by 55 points at 11,734. The quarterly numbers on tap are Bata India, Dish TV, Heidelberg, IDFC, IGL, JSW Steel, NCC and REC.

ADAG groups, Reliance Nippon made a public announcement that Nippon Life Insurance of Japan has signed binding definitive agreements with Reliance Capital Limited to increase its stake in the company.

Suven Life Sciences Limited has informed the bourses that the last patient has completed his last visit for the Phase 2 POC study of SUVN-502 for moderate Alzheimer’s disease. This is the first-ever study to evaluate a triple combination therapy for moderate Alzheimer’s disease patients.

Redington (India) Limited showcased PAT growth of 20 per cent and recommended dividend of Rs. 3.30 per share for the March quarter. This constitutes 165 per cent on the face value of Rs. 2 per share.

Bodal Chemical on Wednesday informed the bourses that it is planning to acquire 80 per cent stake in Turkey-based company called Sener Bova Kimya Tekstil Sanayi Ve Ticaret Ltd. 

The stock exchange company BSE Limited celebrated the event of Sensex crossing 40,000 level on Thursday. In the early morning session as the trends for Lok Sabha elections 2019 indicated that the ruling BJP-led alliance NDA will return to power with majority, the index broke its psychological barrier of 40,000 level.

Market ended a very busy day in negative territory on Thursday. Swaying up and down as election results trends showed a clear majority for the Narendra Modi-led NDA alliance, the indices breached the psychological levels of 40,000 and 12,000 on Sensex and Nifty, respectively, but closed in red.

More than 600 million Indians voted over the last six weeks and now the Narendra Modi-led NDA has secured a majority by leading around 298 seats.

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