Domestic market extended losses for 3rd straight session. Key benchmark indices failed to hold early gains and ended with modest losses in volatile trade amid bouts of selling pressure in most sectors. The Nifty 50 opened with flat note and trade with negative sentiments throughout the session. The market breadth was weak which indicates bear overpower bulls. The Nifty 50 lost 47.10 points and settled the week at 10930.45. Metal sector were the major loser and financial services sector were the major losers of the day.
European shares dipped on Friday after the Italian government agreed to set a higher than expected budget deficit target that could put Rome on a collision course with Brussels. European STOXX 600 index was down 0.4%. A new report alleged that Apple’s business and scholastic device management service has a significant security hole that could impact the organizations that utilize it.
The Construction arm of Larsen & Toubro has secured orders worth Rs 1477 crore across various business segments. These include turnkey orders worth Rs 1157 crore from Public Health Engineering Department, Rajasthan for the execution of drinking water supply projects in the Pali, Dungarpur and Banswara districts of Rajasthan.
Shipbuilding and maintenance Facility Company Cochin Shipyard (CSL) share prices declined 1.5%, despite signing an MoU with Andaman and Nicobar administration for ship repair operations at Port Blair.
Shares prices of Canara Bank were trading 1% up on Friday after the lender’s board approved a proposal to raise Rs6,000cr through a share issue on a private placement basis.
Kesoram Industries has received an approval from Karnataka government for acquisition of some 675 acres of land for Industrial purpose.
Shares prices of Infibeam Avenues plunged 70.39%. Though the company in voluntary clarification to BSE said it had always provided timely information and clarifications as sought by the stock Exchanges.
Philippines stocks were lower after the close on Friday, as losses in the Property, Industrials and Holding Firms sectors led shares lower. The PSEi Composite fell 0.60%.
Japan stocks were higher after the close on Friday, as gains in the Transport, Steel and Fishery sectors led shares higher. The Nikkei 225 gained 1.37% to hit a new 5-year high.
Taiwan stocks were lower after the close on Friday, as losses in the, Optoelectronic and Paper & Pulp sectors led shares lower. The Taiwan Weighted fell 0.25%.
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