Benchmark indices surged to new life time high as the strong global cues boosted the domestic sentiments; followed by gaped up opening. Market hopes for a good earning session as Q3 result session is going to kick start from next week with TCS hitting the bars first. Nifty ended the session at 10573.20. Media shares were the major gainers of the day while PSU banks were the major losers of the day.
Global Markets Update
Amazon has held talks to gain U.K. rights to stream Premier League soccer matches ahead of a rights auction next month, according to a report by The Daily Telegraph.
Asian stock markets after the Dow Jones industrial average finished above 25,000 for the first time. An agreement by North and South Korea to hold talks also lifted sentiment. Investors were looking ahead to a U.S. jobs reports.
Cipla’s operation and Administrative committee of the company allotted 50,413 equity shares at Rs2 each pursuant to exercise of the stock options by the option guarantee under Employee Stock Option Scheme.
Bharat Forge shares moved higher after strong Class 8 truck orders in the US. North America Class 8 truck orders shot up 77 percent to 37,200 units in December against 21,061 units in year-ago month. Class 8 truck orders increased 15 percent on month-on-month basis.
Larsen & Toubro hits fresh high after its subsidiary won order worth Rs 1,483 crore. The company’s wholly owned subsidiary L&T Hydrocarbon Engineering has signed an offshore contract for bassein development 3 Well Platform & Pipeline project with ONGC valued at approximately Rs 1,483 crore.
Motherson Sumi shares gained after the promoter company acquired MS Global India and research house IIFL upped its target price on the stock sharply to Rs 450 from Rs 300 earlier.
Coal India has reported their highest ever monthly dispatches in December. CMD said every month the company would be creating a milestone in terms of the highest ever dispatches.
Japan’s Nikkei share average extended the previous session’s gains probing 26-year highs as banking and brokerage firms rose, while Toshiba stocks strengthened on news of a buyer for its Westinghouse Electric unit.
Sri Lanka stocks were higher as gains in the Information Technology, Telecoms and Land & Property sectors led shares higher.
Taiwan stocks were higher after the close on Friday, as gains in the Paper & Pulp, Transport and Glass sectors led shares higher.
Indonesia stocks were higher after the close on Friday, as gains in the Mining, Consumer Industry and Manufacturing sectors led shares higher.