Domestic bourses logged modest losses in a highly volatile session weighed by index pivotal ITC, HDFC and Reliance Industries. Domestic stocks hovered in negative zone throughout the session. The market sentiment was hit by data showing that foreign funds and domestic institutional investors turning net sellers of Indian stocks yesterday, 3 May 2018.
Banking sector were the major gainers and Auto sector were the major losers.
Global Markets Update
Colgate-Palmolive Co Company’s veteran Dennis Hickey will step down as chief financial officer and would be succeeded by corporate controller Henning Jakobsen.
U.S. stocks were higher after the close on Friday, as gains in the Technology, Basic Materials and Consumer Goods sectors led shares higher.
In Fortis Healthcare, UBS Principal sells 5.44% stake for Rs 443 crore. Moreover, Meeting of the board of directors to consider and decide on various bids/proposals received by the company w.r.t. the ongoing fund raising, re-structuring, etc. and such related activities on May 10.
On May 9, Arvind is to consider fund raising by way of issue of non-convertible Debentures up to Rs 500 crore.
In Rare media company, Info Edge India invested through its wholly-owned subsidiary about Rs 3.43 crore.
Indiabulls Real Estate (IBREALEST) authorized execution of non-binding documents with third party institutional investor for sale of its commercial assets at Ambattur, Chennai.
NCLT approved the scheme amalgamation of Nipur Chemicals with Bhageria Industries.
Tata Motors approved sale of company’s defense business to Tata Advanced System
Total Production of Force Motors in April 2018 at 1876 units, domestic sales of 1804 units and exports 20 units.
Canada stocks were higher after the close on Friday, as gains in the Industrials, Materials and REITs sectors led shares higher.At the close in Toronto, the S&P/TSX Composite added 0.98% to hit a new 3-months high.
Nigeria stocks were higher after the close on Friday, as gains in the Food, Beverages & Tobacco, Banking and Insurance sectors led shares higher.At the close in Lagos, the NSE 30 gained 0.31%.
Russia stocks were higher after the close on Friday, as gains in the Oil & Gas, Power and manufacturing sectors led shares higher.At the close in Moscow, the MOEX Russia gained 0.68%.
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