Domestic barometers advanced for a second consecutive trading session on Friday, amid media reports that the government may exempt the tax surcharge on foreign portfolio investors (FPIs). HDFC twins and ICICI Bank were the biggest contributors to the rise. Auto shares were in demand. The Nifty 50 index rose 77.20 points or 0.70% to 11,109.65, as per the provisional closing data. Among sectors, IT, metal, PSU bank and pharma witnessed selling pressure, while buying seen in the auto, FMCG and energy sectors.
Bayer AG has not offered to pay billions of dollars to settle claims in the United States related to the Roundup herbicide, mediator Ken Feinberg said, dismissing a report to that effect which drove its shares as much as 11% higher.Sweden stocks were lower after the close on Friday, as losses in the Basic Materials, Oil & Gas and Industrials sectors led shares lower.The OMX Stockholm 30 lost 1.23%.
Reliance Capital, Reliance Home Finance said its joint auditors have confirmed that there are “no violations” as alleged by Price Waterhouse & Co Chartered Accountants LLP.
Jamna Auto Industries has made changes in the production schedule for all its plants. The plants may not run or partially run on all working days in August and shall carry out routine maintenance and cleaning during non-working days.
DHFL may not be able to meet repayments coming up in the immediate future, the company said in a stock exchange filing.
Yes Bank launched a qualified institutional placement issue to help it meet an urgent need for capital. The private sector lender said that the capital raising committee of its board had approved the opening of the QIP issue.
Mahindra Vehicle Manufacturers, a wholly owned subsidiary of the company of M&M, as part of aligning its production with sales requirements, would be observing ‘No Production Days’ ranging between 8 – 14 days in various plants of the company and MVML during the second quarter of the Financial Year 2019-2020.
Netherlands stocks were lower after the close on Friday, as losses in the Healthcare, Financials and Consumer Services sectors led shares lower.The AEX fell 1.21%.
Norway stocks were lower after the close on Friday, as losses in the Materials, Transport and Auto & components sectors led shares lower.The Oslo OBX lost 0.65%.
Asian shares fell on Monday morning, while gold prices held firm as investors worried a prolonged Sino-U.S. trade war could tip the world and U.S. economies into recession.Australian shares dipped about 0.1% while the South Korean market clawed back from early losses to rise 0.12%
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