Domestic bourses ended higher due to firm global cues and strong buying in banking and capital goods shares. The key benchmark indices after gap up opening extended the gains as the session progressed. The market breadth, which indicating the overall health of the market is positive. After gaining 91 points, Nifty settled at 10723.80.
PSU Banks were the major gainers and IT sector were the major losers.
Global Markets Update
On Friday, European shares eye fifth week of gain in a row on account of well-received result from Spanish banks and recovery among Tech Stocks.
Satellite Firm, SES (PA:SESFd) rose nearly 13% after beating first-quarter expectations on the back of strong growth in its networks division.
To create 1k additional jobs, Infosys announced new training center in Indianapolis.
To set up captive cogeneration plant at Trombay, Thermax gets repeat order worth Rs 279 from leading public sector fertiliser company.
To train 2 lakh farmers to increase income, India Tobacoo Company (ITC) ties up with Niti.
On Thursday, Cyient, an IT firm, said its European subsidiary has acquired semiconductor company AnSem of Belgium.
Bharti Airtel and Vodafone may jointly negotiate a block sale of their combined 66.6 per cent controlling stake to a third-party .
Axis Bank plunged over 5% even as the lender disappointed Street with its first quarterly loss.
Capital First’s Debenture Committee approved to issue NCDs worth Rs 340 crore on private placement basis.
On Thursday, Reliance Industries (RIL) approached the SAT challenging SEBI’s move to initiate penalty proceedings against the company with regard to alleged unlawful gains in the trading of Reliance Petroleum in 2007.
Japan’s Nikkei share were higher after the close on Friday, as gains in Electricity/Machinery, Shipbuilding and Transportation equipment sectors led share higher. The Nikkei rose 0.66 percent to 22467.87.
Taiwan stocks were higher after the close on Friday, as gains in Glass, Machinery & Medical Care sectors led shares lower. At the close in Taiwan, the Taiwan Weighted gained 0.62%.
On Friday, Australia stocks were higher after the close, as gains in the Utilities, Healthcare and Gold sectors led shares higher. At the close in Sydney, the S&P/ASX 200 gained 0.59%.
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