Benchmark indices traded volatile as investors remained cautious ahead of expiry however global cues were supportive for the market. Nifty is expected to remain volatile for tomorrow trade session also as it being the expiry day for Dec F&O contract. Nifty has recovered well after hitting seven-month low in start of week amid uncertainty of demonetization impact and rate hike in US economy. Nifty ended the session to close at 8034.
The Media and Reality Stocks were the major gainers of the day while Metal and PSU Banks were the losers for the day.
Global Markets Update
Asia stocks followed Wall Street higher on Wednesday, while the dollar firmed against the yen following the release of upbeat U.S. economic data overnight.
European shares were steady on Friday with the focus on lenders after Deutsche Bank and Credit Suisse settled mortgage securities fraud suits in the United States, and Italy’s Monte dei Paschi agreed to a bailout.
Engineers India gains and hit fresh 52-weeks high on NSE ahead of the stock turning ex-bonus in the ratio of 1:1 on Friday as well as company has fixed 2nd of January 2017 as the record date for the purpose of ascertaining the eligibility of shareholders for issuance of bonus shares.
Bharat Financial Inclusion gains after the company said Morgan Stanley Asia (Singapore) & Morgan Stanley Mauritius raised stake in the company by 1.10 percentage points via open market.
Cadila Healthcare Limited has written to the BSE and NSE, clarifying that Zydus Discovery DMCC, a 100 percent subsidiary of Cadila Healthcare Ltd has received an “Untitled Letter” and not a “Warning Letter” from the USFDA.
Mahindra & Mahindra Ltd shares moved higher after company today announced a restructuring of its businesses under Dr. Pawan Goenka, Managing Director, M&M Ltd.
Yes Bank shares ends on a flat to negative note in an otherwise market on NSE as company has announced that it has received ratings of Ind AA+ with a stable Outlook from India Ratings and Research (a Fitch Group Company) for Rs 330 crore of Green Infrastructure Bonds.
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