Key equity barometers ended near the flat line after a volatile session on Friday. The Nifty ended a tad above the 12,350 level. Sentiment was dented after the Supreme Court dismissed review petitions filed by telcos in the AGR case. The Nifty 50 index lost 3.15 points or 0.03% to 12,352.35, as per the provisional closing data.
Among sectors, bank and metal witnessed some selling, while pharma, auto, infra and energy indices ended higher.
India’s government has scoffed at Amazon.com Inc (NASDAQ:AMZN) founder Jeff Bezos’ offer to invest $1 billion in the country, firing the latest salvo at an e-commerce giant that’s been accused of predatory business practices. Trade minister Piyush Goyal delivered a stinging rebuke two days after Bezos arrived in New Delhi and touted his efforts to help digitize small and medium enterprises.
Wipro Ventures announced $150mn Fund-II to invest in emerging digital enterprise software leaders.
Supreme Court dismissed AGR review petitions filed by Bharti Airtel, Vodafone Idea.
Rallis said that production is expected to commence for Dahej chemical plant in 2020-21. Metribuzin Phase II expansion of 500 MTPA is expected to be commercialized by February. The board also approved setting rose of R&D Facility in Bengaluru.
Shriram Transport Finance completed allotment senior secured notes worth $500 million.
HIL Board approved the sale of company’s calcium silicate insulation products division operated under the brand “HYSIL” to Calderys India Refractories through a slump sale for Rs80cr.
Piramal Enterprises (PEL) said its wholly-owned subsidiary, PEL DRG Dutch HoldCo BV, will sell its healthcare insights and analytics business to NYSE-listed Clarivate Analytics Plc for $950 million.
Japan stocks were higher after the close on Friday, as gains in the Paper & Pulp, Railway & Bus and Real Estate sectors led shares higher. At the close in Tokyo, the Nikkei 225 gained 0.45% to hit a new 1-month high.
Australia stocks were higher after the close on Friday, as gains in the Gold, Metals & Mining and Materials sectors led shares higher. At the close in Sydney, the S&P/ASX 200 gained 0.32% to hit a new all time high.
U.S. stocks were higher after the close on Thursday, as gains in the Technology, Industrials and Financials sectors led shares higher. At the close in NYSE, the Dow Jones Industrial Average gained 0.92% to hit a new all time high.
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