Domestic stocks dropped sharply on last trading day of the week on heavy selling pressure in index pivotals as investors are worried about renewed U.S.-China tensions impacting trade talks. The Sensex settled below the psychological 36,000 mark after moving above and below that level in intraday trade.
The Nifty 50 lost 197.70 points and settled the day at 10754. All the sectorial indices closed on negative zone. Among them, IT and Realty sector were major loser of the day.
European shares opened in negative territory on Friday, following in the footsteps of U.S. and Asian markets which were hit by the threat of a U.S. government shutdown and of further hikes in U.S. borrowing costs.Delivery Hero (DE:DHER), the world’s biggest online food delivery firm, saw its shares surge almost 20 percent after announcing the sale of its German operations to Netherlands-based Takeaway.com.
JSW Steel informed that it would infuse Rs63.5cr in Vardhaman Industries to pay the creditors as per the Resolution Plan by NCLT.
Indiabulls Real Estate entered into an agreement with Blackstone to divest up to 50% stake in two office assets in Gurugram at aggregate value of Rs464cr.
NHPC said 520 MW power station in Himachal Pradesh would be under complete shutdown from three months with effect from Dec. 20 for repair and maintenance work.
Ashok Leyland announced that the National Company Law Tribunal, Chennai, has approved the scheme of amalgamation of Ashok Leyland Vehicles, Ashley Powertrain and Ashok Leyland Technologies with Ashok Leyland.
Indian Hume Pipe Company share price surged 3.8% after the company said it received letter of acceptance for construction of drinking water supply projects worth Rs 502.89 crore in Andhra Pradesh.
China stocks were lower after the close on Friday, as losses in the Real Estate Investments & Services, Financials and Travel & Leisure sectors led shares lower.At the close in Shanghai, the Shanghai Composite lost 0.79% to hit a new 1-month low
Taiwan stocks were higher after the close on Friday, as gains in the Semiconductor, Auto and Optoelectronic sectors led shares higher.At the close in Taiwan, the Taiwan Weighted added 0.02%.
Australia stocks were lower after the close on Friday, as losses in the Telecoms Services, A-REITs and Consumer Discretionary sectors led shares lower. At the close in Sydney, the S&P/ASX 200 fell 0.69% to hit a new 52-week low.
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