Benchmark indices traded flat on the last trading session of the week amid mixed global cues after the European Central Bank (ECB) extended its asset-buying program for a longer period i.e. till 2017 if it finds necessity, though it trimmed the size of its purchase. Nifty gained more than 2 per cent this week, its best weekly gain since the week ended 2nd September 2016.Nifty closed the session to end at 8275.10 Click for More.
Banking stocks were the major gainers of the day while Auto stocks were the major losers for the day.
Global Markets Update
European Markets took breathers and were mixed on Friday after ECB’s decision to extend their asset buying campaign for additional nine months and now participants are waiting for FOMC meeting due later next week.
Casino stocks from Australia’s Crown Resorts to Las Vegas Sands tumbled after gambling hub, Macau would limit cash withdrawals as part of a Beijing-led crackdown.
ICICI Bank Ltd has made an international bond offering under Tokyo Pro-Bond Programme, by pricing an issuance of 5 years fixed rate notes of an aggregate principle amount of USD 87.38 million. Stock gained 1.85 percent closing at Rs 267.60.
Strides Shasun Ltd surged 3.33 percent on intraday as the announced the signing of definitive agreements to acquire the entire shareholding in Perrigo API India Private Limited (Perrigo API India) for Rs 100 crore.Also the company received USFDA approval for API (approved pharmaceuticals ingredients). Stock marked its closing at Rs 1118.20.
Bio Pharma major Biocon Ltd was featured in Asia’s world class Intellectual Property (IP) and IP value creation. Stocks of the company soared almost 2 percent and closed at Rs 942.10.
NHPC Ltd announced Power Purchase Agreement (PPA) in respect of up-coming projects Tawang-I and Tawang-II HE Project has been signed on December 06, 2016. Stock closed up adding 0.18 percent at Rs 27.45.
Maruti Suzuki Ltd signed a Memorandum of Understanding with Ola, the online cab aggregator, to train aspiring drivers-partners. Stock was trading at Rs 5312 on high side closing at Rs 5234. Click for More