Domestic bourses extended rally for the second consecutive session backed by banking & financials, oil, metals and auto stocks. The market jumped on broad-based buying support as sustained buying by domestic institutional investors (DIIs) in equity market propped up investor’s sentiment. Though, The Sensex trimmed gains after hitting the psychologically important 35,000 mark in late trade. Metal sector were the major gainers and IT sector were the major losers of the day.
Nomura Holdings Inc to set up an internet focused securities brokerage with messaging app operator Line to recruit a younger generation of clients. U.S. stock futures traded higher, with some calm returning to the market after a week of geopolitical jitters, as North Korea made a restrained response to the U.S. withdrawal from a planned summit.
From the Ministry of Road Transport and Highways, Gayatri Projects received LoA for part construction of six lane elevated corridor in the state of Telangana.
Larsen & Toubro Infotech approved closure of Larsen & Toubro Infotech Austria GmbH which its wholly owned subsidiary.
The NSE and MCX considering a merger to strengthen their respective position in the equities and commodity derivatives space.
The country’s largest oil firm, IOC is planning to invest Rs 1387 crore towards construction of various projects in Andhra Pradesh and Telangana
Vedanta share prices plunged 3.5% as Tamil Nadu government rack one’s brains on permanent closure of copper smelter at Thoothukudi
National Hydroelectric Power Corporation declared commercial operation of Kishanganga HE Project (3 x 110 MW), Jammu & Kashmir
KSCL board members approved buyback of equity shares.
Japan stocks were higher after the close on Friday, as gains in the Marine Transport; Pharmaceutical Industry and Transportation Equipment sectors led shares higher. The Nikkei 225 gained 0.06%.
Taiwan stocks were higher after the close on Friday, as gains in the Electronic Parts/Components, Other Electronic and Electronics sectors led shares higher. The Taiwan Weighted rose 0.05%.
Philippines stocks were lower after the close on Friday, as losses in the Banking & Financials, Property and Services sectors led shares lower. The PSEi Composite declined 0.07%.
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