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Market Snippet

After a volatile session of trade, domestic bourses logged modest gains. Due to negative Asian stocks, local stocks edged lower in early trade. Then stock traded with small losses after alternatively swinging between positive and negative zone. In late trade, Indices regained positive zone and rallied to hit fresh intraday high. However, the market breadth is still in favor of bears. Nifty 50 gained 80.75 points and settled the week at 10821.85. Pharma and Financial services sectors were the major gainers of the day.

Global Markets

Volkswagen AG is handing over responsibility for regional markets to its different brands, the German carmaker said on Friday, its latest efforts to get closer to markets to respond to customer demand more quickly. Better-than-expected euro zone economic data helped drive a bounce in European shares at the end of a tumultuous week marred by trade war worries. .The STOXX climbed 0.5%.

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