Globally, most Asian markets ended with smart gains. Except for the Shanghai Composite index in China all the other Asian equity indices ended with gains.
The Hang Seng index in Hong Kong ended with gains for the first time in the past three trading session. The index gained 1%. The Nikkei index in Japan was up 1%, the Straits Times rose 1.1%, Kospi index added 1.1% and Taiwan index rose 1%.
In Europe, stock markets opened higher tracking gains in Wall Street after optimistic comments from President Barack Obama about reaching a deal over the fiscal cliff.
The FTSE index in UK was up 1%, the DAX index in Germany gained 0.9% and the CAC index in France gained 1.1%.
Other Corporate News
TCS won a multi-million, multi-year contract from the Home Office, a key department of the United Kingdom government to manage the technology needs and support services of the newly formed Disclosure and Barring Service (DBS).
Shares of GMR Infrastructure was under pressure after Government of Maldives issued a notice to the GMR Male' International Airport Ltd intending to take over the possession and control of the Ibrahim Nassir International Airport under the pretext that the Agreement is void.
Cinemax India announced that Company has been informed by its promoters that, they have entered into a definitive sale agreement with PVR Limited (through Cine Hospitality Private Limited, its wholly owned subsidiary) for the sale of their entire stake of 69.27% (sixty nine point two seven per cent) in Cinemax India Limited.
India Infoline Research Team / 14:59, May 20, 2015
GPIL reported 13.5% yoy decline in operating profit as the impact of higher volumes was offset by lower product prices