The market extended gains for fifth day in a row, supported by recent weakness in crude oil prices and strength in local currency. Increase in fund flows from foreign portfolio investors also boosted sentiment. However, the benchmark indices erased some of their gains in today’s trade as profit selling emerged at higher levels.
The Nifty 50 gained 18.05 points and settled the day at 10876.75. Realty sector were the major gainer and PSUs banks were the major loser of the day. Global Markets
U.S. futures were lower on Friday, as minutes from the Federal Reserve showed the central bank is set to increase rates and investors turned their attention to the upcoming G20 summit.The S&P 500 futures fell 11 points or 0.43% to 2,732.25. Toyota has agreed to buy out PSA Group’s stake in a jointly-managed Czech Republic factory specializing in the production of small cars, the companies said on Friday.Stock Snippets
Tata Motors-owned JLR temporarily halted operations at its engine factory for a two-week production freeze in English Midlands.
Bharat Financial Inclusion rose 0.82% after company said that it has
completed the sixth securitization transaction of Rs 289.14 crore in FY19.
Asian Oilfield Services was locked in 5% upper circuit after the company received a contract from ONGC worth Rs 27.65 crore.
Tata Consultancy Services has launched TCS Pace Port™ Tokyo, the first of several new global hubs planned under TCS TCS Pace™, a new brand identity .
Lupin has launched Nystatin and Triamcinolone Acetonide cream USP 100,000 units/gm (0.1%). The pharma company has received an approval from the USFDA.
Reliance Communications jumped 12.94%. The Supreme Court today ordered the Department of Telecommunications (Union of India) to grant a No-Objection to Reliance Communications for spectrum trading within 7 days.
Indonesia stocks were lower after the close on Friday, as losses in the Basic Industry, Financials and Trade sectors led shares lower. The IDX Composite Index declined 0.84%.
Japan stocks were higher after the close on Friday, as gains in the Chemical, Petroleum & Plastic, Mining and Pharmaceutical Industry sectors led shares higher. The Nikkei 225 gained 0.40%.
Taiwan stocks were higher after the close on Friday, as gains in the Electricity, Paper & Pulp and Cement sectors led shares higher. The Taiwan Weighted gained 0.03%
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