In a volatile session of trade, domestic bourses settled with small losses. In early trade, local stocks nudged higher in early trade on positive Asian stocks. Though the sensex trimmed gains soon after scaling a record high while nifty sank in negative terrain. Sooner, Indices hovered in narrow range with positive bias but in late trade, indices sank in negative zone. The nifty closed flat to red note at 11018.90. IT sector were the major gainers and PSU Banks were the major losers of the day.
European shares opened higher on Friday, and looked set for a second week of gains as fears of a full-blown trade war were kept in check and optimism about the next corporate earnings season grew. Exxon Mobil Corp quit the American Legislative Exchange Council, a lobbying group bankrolled by fossil fuel companies, following a disagreement over climate-change policy.
Hindustan Oil Exploration Company (HOEC) share prices gained 2.5% after the company announced the successful completion of a two well re-entry and side track drilling campaign of Mercury and Earth wells which commenced in April 2018.
The Board of Directors of Fortis Healthcare has decided to recommend the binding investment proposal from IHH Healthcare Berhad (IHH) to invest Rs 4,000 crore.
Larsen & Toubro has won orders worth Rs 3000 crore under the buildings and factories business segment.
HCL Technologies said its board approved buyback of up to 3.64 crore shares (2.61% stake) worth Rs 4000 crore at Rs 1,100 each
National Company Law Tribunal (NCLT) approves scheme of arrangement and reconstruction between Tata Communication, and Hemisphere Properties and their respective shareholders and creditors.
Allahabad Bank proposes to sell its non-core assets including divestments of its stake in joint ventures, associates, selling some of the immovable properties.
Japan stocks were higher after the close on Friday, as gains in the Communication, Gas & Water and Food sectors led shares higher. At the close in Tokyo, the Nikkei 225 gained 1.85%.
Philippines stocks were higher after the close on Friday, as gains in the Property, Holding Firms and Industrials sectors led shares higher. At the close in Philippines, the PSEi Composite rose 0.66%.
Taiwan stocks were higher after the close on Friday, as gains in the Machinery, Other Electronic and Auto sectors led shares higher. At the close in Taiwan, the Taiwan Weighted added 1.17%
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