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Market Snippet

Benchmark indices traded mixed amid profit booking after the week long bull rally and ended flat although the data of IIP and CPI-based inflation was supportive for the market as industrial activity rose to 13-month high of 5.7% in November and CPI inflation in December declined to 3.41% from 3.63% in the previous month Nifty ended the session to close 8420.50.
The FMCG stocks were the major gainers of the day while IT stocks were the losers for the day.



Global Markets Update

The Paris prosecutor has launched a judicial investigation into possible cheating on exhaust emissions at carmaker Renault, a source at the prosecutor’s office said on Friday.
Japan’s Nikkei share average bounced back from two-week lows on Friday, supported by optimism on the domestic economic and earnings outlook, with retailer Seven & I Holdings surging after posting strong earnings.

Infosys announced its Q3 result. Posted a better-than-expected 7 percent rise in third-quarter profit that was helped by new client wins. The company has lowered the upper limit of its revenue guidance to 8.8 per cent in constant currency (CC) terms from 9% earlier.



Cadila’s subsidiary company Zydus  Pharma which is a global pharmaceuticals company has finalized an agreement with Upsher-Smith Laboratories Inc., to settle the patent litigation with reference to Qudexy capsules. 

Mastek shares moved higher after a company has completed the acquisition of 100 percent equity shares of Trans American Information Systems and consequently, it has become a wholly owned subsidiary of the company.

Siemens, a conglomerate that operates in power and gas, energy management, building technologies, mobility, digital factory, process industries and drives, healthcare, metal technologies has won order worth Rs 319 crore from Diesel Locomotive Works.

Gruh Finance Ltd reported the december quarter net profit of 640.4 million rupees and total income from operations is  3.81 billion rupees.

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