After opening lower, Key benchmark indices bounced back and hit fresh intraday high in early afternoon trade. Though, it pared gains in mid trade and ended the volatile session with small gains. The health of the market was positive. The nifty 50 gained 22.90 points and settled the session at 10772.65. Auto and realty sector were the major gainers, pharma and media sector were the major losers of the day. On global front, US stocks settled higher, in a broad rally that was led by the technology sector.
Shares in Thyssenkrupp jumped after Chief Executive Heinrich Hiesinger unexpectedly offered to step down, clearing the way for a radical restructuring of the group. European shares opened in positive territory on Friday as the trade dispute between the United States and China escalated with U.S. tariffs on $34 billion in Chinese imports taking effect and China immediately retaliating. The pan-European STOXX 600 index was up 0.3%.
The Board of IndiaBulls Real Estate has authorized execution of transaction documents with the entities controlled by Blackstone Group L.P., thru which the company will divest 100% stake in sale of commercial assets at Ambattur, Chennai with a realized value of Rs 850 Cr.
Glenmark Pharma said its subsidiary Glenmark Specialty has entered into an exclusive licensing agreement with Australia’s Seqirus to commercialise its nasal spray Ryaltris in Australia and New Zealand.
Berger Paints has signed a shareholders’ agreement with Rock Paint Co for the purpose of setting up of a joint venture company in India
Quess Corp entered into a Memorandum of Understanding (MOU) with the East Bengal Club (EBC), Kolkata, which both are proposed to set up a new joint venture entity ‘Quess East Bengal FC Pvt. Ltd’.
Share prices of MEP Infrastructure Developers advanced over 2 per cent in Friday trade after the company received Letter of Acceptance (LoA) from NHAI for a one year contract to act as a contractor for collection of user fee in Tamil Nadu.
Japan stocks were higher after the close on Friday, as gains in the Electrical/Machinery, Power and trading sectors led shares higher. At the close in Tokyo, the Nikkei 225 gained 1.12%.
Philippines stocks were lower after the close on Friday, as losses in the Property, Holding Firms and Mining & Oil sectors led shares lower. At the close in Philippines, the PSEi Composite declined 0.65%.
Taiwan stocks were lower after the close on Friday, as losses in the, Oil, Gas & Electricity and Plastic sectors led shares lower. At the close in Taiwan, the Taiwan Weighted fell 0.03% to hit a new 1-month low.
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