Domestic Bourses closed the volatile session with modest losses amid weak global cues. Ahead of March F&O expiry and financial year ending, trading was volatile. Indices started session on negative note due to weakness in global stocks. In morning trade, indices extend losses amid volatility to hit intraday lows towards the end of the session.
IT sector were the major gainers and PSU bank were the major losers.
Global Markets Update
Shares of Takeda pharma tanked 7% following the nes of acuring shire pharma form London, as the compnay value is more than takeda currnt worth.
European markets traded higher with DAX setteling the lst trading session of the week at 11977 as the geopolitical situation improves after North Korea chief’s visit to China.
On Friday, Dabur India said that it plans to launch a new fruit-based beverage brand later this year.
From Manipal Health Enterprise, Fortis Healthcare has received “unsolicited non-binding indication of interest” for possible transaction with the company.
Today, the announcement made by Alkem Laboratories that USFDA issued Form 483 with 13 observations in its Daman plant.This leads to lost 8.23% in share prices of Alkem Laboratories.
Avanti Feeds said that the company has started commercial production of the additional capacity of shrimp feed at its Andhra Pradesh plant.
Share prices of Bodal Chemicals jump to 1.24% after the company said that upgradation/expansion of manufacturing facilities has been completed abd production has started at Gujrat plant.
On Wednesday, Ashok Leyland said to offset impact of rising input costs, it will increase prices of its entire product portfolio by minimum of 2% from next month.
Japan’s Nikkei share average rose on Thursday, helped by gains in domestic-demand stocks, but Takeda Pharmaceutical stumbled after it said it was considering a bid for London-listed Shire that could top $40 billion.
Australia stocks were lower after the close on Thursday, as losses in the Gold, IT and Metals & Mining sectors led shares lower.At the close in Sydney, the S&P/ASX 200 lost 0.52% to hit a new 3-months low.
Philippines stocks were lower after the close on Wednesday, as losses in the Holding Firms, Property and Mining & Oil sectors led shares lower. The PSEi Composite lost 0.84%.
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