Key equity barometers ended with minor gains on Friday, mirroring gains in other Asian stock markets following reports that the United States and China are getting close to an interim trade pact. Bharti Infratel, Bharti Airtel, SBI, Zee Entertainment and Grasim Industries were among major gainers on the Nifty, while losers were IOC, Hero MotoCorp, BPCL, Maruti Suzuki and ITC. Among sectors, selling was seen in the auto, energy, IT and metal, while buying witnessed in the bank, pharma and infra sectors.
Bristol-Myers Squibb Co and Celgene Corp have won U.S. antitrust approval for their merger on condition that they sell Celgene’s psoriasis drug Otezla. U.S. stocks were higher, as gains in the Healthcare, Technology and Telecoms sectors led shares higher. The Dow Jones Industrial Average gained 0.80% to hit a new all time high, while the S&P 500 index climbed 0.77%, and the NASDAQ Composite index added 0.73%.
Shares of Divi’s Laboratories soared 4% as the company’s Unit-I facility at Lingojigudem, Bhuvanagiri Yadadri District, Telangana has been inspected by the USFDA from the of November 11-15, 2019.
Shares of Fortis Healthcare slumped 12% after the media reports said that the Supreme Court refused to lift the stay on IHH Healthcare’s open offer for Fortis and launched a suo moto contempt against Fortis.
UPL Ltd., through its step-down overseas subsidiary, has entered into definitive agreements to acquire 100% shares of Yoloo (Laoting) Biotechnology Co., Ltd. (‘Laoting Yoloo’), an agrochemical company based in Heibei Province, China, from Beijing Yoloo Bio-Technology Corp., Ltd (‘Beijing Yoloo’).
Natco Pharma after company’s finished dosage formulations (FDF) facility in Visakhapatnam has commenced commercial operations.
Sterling & Wilson Solar shares were locked in 20 percent lower circuit after promoters revised their loan repayment schedule announced during the IPO in August.
Germany stocks were higher after the close on Friday, as gains in the Construction, Technology and Basic Resources sectors led shares higher.The DAX added 0.47%, while the MDAX index added 0.44%, and the TecDAX index gained 0.73%.
France stocks were higher after the close on Friday, as gains in the Foods & Drugs, Gas & Water and General Financial sectors led shares higher. The CAC 40 rose 0.65% to hit a new 5-year high, while the SBF 120 index climbed 0.65%.
Denmark stocks were higher after the close on Friday, as gains in the Industrials, Technology and Software & Computer Services sectors led shares higher. The OMX Copenhagen 20 gained 0.58% to hit a new all time high.
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