On last trading day of the week, domestic bourses logged modest losses weighted by data showing manufacturing PMI growth has slowed in May 2018. In early trade local Stocks nudged higher bolstered by robust macro data. Though key benchmark indices turned in range bound but in late trade stocks extends losses. Nifty lost 40 points and settled at 10696.20. Realty sector were the major gainers and Auto sectors were the major losers of the day.
S&P Global downgraded Deutsche Bank’s credit rating on Friday.The bank is also set to face cartel charges in Australia. World stocks rose and bond yields fell on Friday as investors welcomed an apparent end to a political crisis in Italy, although prospects of a full-blown trade war put a dampener on gains.
PNC Infratech share prices jumped 1.13% after the company was declared lowest bidder for Nagpur-Mumbai Expressway project worth Rs 2099.52 crore.
To accelerate the digital transformation of enterprise clients, Infosys announced an expansion of its relationship with Microsoft. Moreover, Infosys has launched a new Microsoft Cloud Business Unit that will focus on the comprehensive cloud needs of enterprises – from infrastructure to business applications.
USFDA has issued Establishment Inspection Report for Company’s Gagillapur facility located at Hyderabad, Telangana, India annouced by Granuels India.
Maruti Suzuki crossed the mark of 3-lakh cumulative sale of cars with the acclaimed auto gear shift technology.
Mahindra signs Memorendum of Understanding with Government of Maharashtra for electric vehicle manufacture and deployment.
DLF announced that the Adjudicating Officer (AO), SEBI has passed an order imposing a penalty of Rs.10 lakh.
Japan stocks were lower after the close on Friday, as losses in the Gas & Water, Transport and Paper & Pulp sectors led shares lower. The Nikkei 225 declined 0.14%.
Philippines stocks were higher after the close on Friday, as gains in the Holding Firms, Banking & Financials and Industrials sectors led shares higher. The PSEi Composite added 1.78%.
Taiwan stocks were higher after the close on Friday, as gains in the Optoelectronic, Textile and Trading & Consumer Goods sectors led shares higher. At the close in Taiwan, the Taiwan Weighted gained 0.68%.
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