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Market Snippet
The market plunged as global equities market hit after US President Donald Tariffs on Chinese goods, stoking fears of trade war. Domestic bourses tumbled after opening with negative bias. Nonetheless, stock cut losses in mid-afternoon trade.
IT sector were the major gainers and Realty sector were the major losers.

Global Markets Update
European bourses tumbled on last trading session of the week closing red as the losses in technical stocks amid tension of trade far took over the bullish sentiments and kept the equities lower for the day. The Stoxx 600 index closed 1.1% lower
Auriant Mining improved terms in relation to the debt owed by the Company to Golden Impala Limited extending the maturity of the loan from Golden Impala Limited for further 2.5 years.

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Stock Snippets

Vakrangee Logistic ties up with Blue Dart express, which provide logistics and last mile courier services to the citizens on PAN India basis

The Merger of DTH operators, Videocon and Dish TV India has finally been concluded, to set to create the largest DTH service provider in the country with 28 Million subscriber.

Multi-million dollar project from Germany’s Covestro is taken by L&T Technology services.

Bharat Petroleum Corporation Limited(BPCL) has come forth the main contender to revive the stalled Nagarjuna Oil Corporation’s refinery project in Tamil Nadu.

Tata Chemicals has launched Medikarb, India’s first branded pharmaceutical grade sodium bicarbonate.

Today, Hero Moto Corp said it has increased stake in its Colombian join venture to 68%.

Infosys boost 0.67% after the announcement made by company that it has made a follow-on investment of US$ 1.5 million in a data science firm.

Global Markets

Taiwan stocks fell after on Friday, Paper & Pulp sectors led shares lower. At the close in Taiwan, the Taiwan Weighted lost 1.66%.

Japan stocks were lower after the close on Friday, as losses in the Transport, Power and Finance & Investment sectors led shares lower. At the close in Tokyo, the Nikkei 225 declined 4.66% to hit a new 3-months low.

Philippines stocks were lower after the close on Friday, as losses in the Holding Firms, Property and Banking & Financials sectors led shares lower. At the close in Philippines, the PSEi Composite fell 1.89%.

 

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