Domestic key benchmark indices dropped sharply amid a broad-based sell-off in index pivotals. The Nifty 50 lost 282.80 points and settled the day at 10316.45. Today’s slide on the bourses was led by index pivotals Reliance Industries, HDFC and ITC. Shares from oil & gas sectors dropped sharply. Sentiment was impacted after the Reserve Bank of India (RBI) changed its stance to calibrated tightening. Negative global stocks also weighed on the sentiment. IT sector were the major gainer and PSU Banks were the major loser of the day.
Volkswagen’s premium brand Audi expected sales in Europe to fluctuate in the coming months after a 55.5% slump in September sales due to supply bottlenecks caused by stricter anti pollution rules. Australia stocks were higher after the close on Friday, as gains in the Gold, Consumer Staples and Financials sectors led shares higher.The S&P/ASX 200 rose 0.14%. Stock Snippets
Cadila Healthcare share prices rose 0.9% after the company’s biologics manufacturing facility received an Establishment Inspection Report from the USFDA.
Dilip Buildcon has received Letter of Acceptance (LoA) from Water Resource Department, Kota, Rajasthan for a new EPC project ‘Navnera Barrage (Dam) worth Rs 601 crore under Phase 1/A’, in the state of Rajasthan.
Steel Strips Wheels has bagged a new Exports order from OPEL Spain (Group PSA Company) for Steel wheels. Total order value is over Euro 6 million.
Lupin has launched Potassium Chloride oral solution in 20mEq/15Ml and 40mEq/15ml strengths.It is indicated for the treatment and prophylaxis of hypokalemia.
Share prices of Dixon Technologies were trading 3% higher as the company commenced production of Mi LED TVs for Xiaomi.The company will manufacture these products at its Tirupati facility in Andhra Pradesh.
Vivimed Labs announced that the company’s API manufacturing facility located in CUERNAVACA, Mexico was recently inspected by the USFDA. The inspection was successful and company obtained EIR.
Philippines stocks were lower after the close on Friday, as losses in the Holding Firms, Industrials and Mining & Oil sectors led shares lower. At the close in Philippines, the PSEi Composite lost 0.21% to hit a new 3-months low.
Japan stocks were lower after the close on Friday, as losses in the Chemical, Retail and Pharmaceutical Industry sectors led shares lower. At the close in Tokyo, the Nikkei 225 declined 0.58%.
Taiwan stocks were lower after the close on Friday, as losses in the, Electronic Parts/Components and Optoelectronic sectors led shares lower. The Taiwan Weighted fell 1.88% to hit a new 3-months low.
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