Indices opened higher and hit fresh intraday high in early trade. Shares pared gains in morning trade. Barometers turned range bound in early afternoon trade. Indices firmed up once again in afternoon trade and hit fresh intraday high in late trade. Gains were supported by upbeat global cues amid hopes of an end to the skirmish between US and China. The Nifty 50 gained 67.95 points and settled at 11665.95. On the economic front, Fitch Ratings reportedly kept India’s sovereign rating unchanged at the lowest investment grade of ‘BBB-‘ with a stable outlook.
Mining company BHP Group is poised to cut over 700 white-collar jobs and the process could start as early as next week.U.S. Stocks were higher after the close on Friday, as gains in the Oil & Gas, Utilities and Healthcare sectors led shares higher. The Dow Jones Industrial Average gained 0.15% to hit new 3-months high, while the S&P 500 index added 0.46%, and the NASDAQ Composite index gained 0.59%.
Cipla received Establishment Inspection Report on its Goa manufacturing plant by the USFDA. The inspection took place between January 21-28.
Rallis India said that the Pollution Control Board has revoked its closure order of the company’s Gujarat unit. On March 19, the closure order was received by the company.
Bandhan Bank-Gruh Finance deal filed their respective application for the scheme of amalgamation to the NCLT.
Jet Airways (India) lenders said they would invite bids for selling the stake in the airline on April 6 as part of a time-bound resolution plan.
Shares of ABB India gained more than 3% after the automation company introduced low-voltage digital switchgear condition monitoring.
Bank of India has floated a Request for Proposal (RFP) for sale of equity stake in its joint venture company i.e. Star Union Dai-ichi Life Insurance.
Netherlands stocks were higher after the close on Friday, as gains in the Telecoms, Technology and Consumer Goods sectors led shares higher. The AEX gained 0.18% to hit new 6-months high.
France stocks were higher after the close on Friday, as gains in the Financials, Consumer Goods and Gas & Water sectors led shares higher. The CAC 40 rose 0.23% to hit new 6-months high, while the SBF 120 index climbed 0.24%.
Russia stocks were higher after the close on Friday, as gains in the Telecoms, Power and Manufacturing sectors led shares higher. The MOEX Russia added 0.22% to hit a new 1-month high.
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