Key equity benchmarks ended with modest rise in Friday, tracking gains in global peers amid easing US-China trade tensions. Among sectors, buying witnessed in metal (up 2 percent), auto (up 2.5 percent) followed by infra, energy and bank, while FMCG and pharma ended marginally lower. Midcap and smallcap gained more than 0.5 percent.
At close, the Sensex was up 337.35 points at 36,981.77, while Nifty was up 98.30 points at 10,946.20.
Nissan Motor Co is considering pulling out of South Korea, as political and trade tensions between Japan and South Korea have caused sales of Japanese products in the neighboring country to plummet. European stocks opened flat after two sessions of gains, as the effect of upbeat signals on U.S.-China trade talks and European politics wore off, with investors’ attention turning to U.S. jobs data due later in the day. The DAX rose 0.3%.
Lupin has received approval for its Fosaprepitant for Injection, 150 mg Single-Dose Vial, from the United States Food and Drug Administration (USFDA).
Ashok Leyland has announced a shut down of its production facility in Chennai for five days starting today due to “contraction in the commercial vehicle market.”
Bharat Heavy Electricals Limited (BHEL) has secured an order for emission control equipment for 2×250 MW Bhilai Expansion power project in Chhattisgarh.
Escorts Limited, announced India’s first Hybrid Concept Tractor powered by fuel and battery both.
Tech Mahindra announced the expansion of its strategic collaboration with AT&T to accelerate AT&T’s IT network application, shared systems modernization and movement to the cloud.
Tata Consultancy Services has announced that it has expanded its strategic partnership with Posten Norge AS, a Nordic postal and logistics group, to build a digital stack.
Japan stocks were higher after the close on Friday, as gains in the Paper & Pulp, Railway & Bus and Real Estate sectors led shares higher. The Nikkei 225 rose 0.54% to hit a new 1-month high.
The Shanghai Composite Index edged up 0.1%. Hong Kong’s Hang Seng was up 0.2%, with some earlier gains trimmed after rating agency Fitch downgraded the city’s credit rating following months of unrest.
Australia stocks were higher after the close on Friday, as gains in the IT, Energy and Consumer Discretionary sectors led shares higher. The S&P/ASX 200 added 0.52% to hit a new 1-month high.
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