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Benchmark indices surged to new life time high continuing the buying rqally for the third day despite weak performance by global peers. Nifty remained bullish trading on its native buy trend and settled at 12290. Pharma stocks were the major losers of the day while IT shares were the major gainers of the day.

Global Markets

Swiss-Dutch Company Allseas had suspended work on building a major Russia-to-Germany natural gas pipeline in order to avoid U.S. sanctions contained in legislation signed by President Donald Trump. U.S. stocks were higher on Friday, as gains in the Telecoms, Oil & Gas and Healthcare sectors led shares higher. DJIA added 0.28% to hit a new all time high, while the S&P 500 index gained 0.49%.

Stock Snippets

STT Global Data Centres India Private Ltd (STT GDC India) expanded its national network with the inauguration of its 15th data centre in Bengaluru. Amara Raja Power Systems Limited (ARPSL), a unit of Amara Raja Group, has launched a prefabricated power sub-station through a tie up with Schneider Electric India. Mahindra & Mahindra on Friday announced that Anand Mahindra will transition to the role of Non-Executive Chairman of the Board of Mahindra & Mahindra Ltd from April 1, 2020 onwards. Tata Chemicals through its wholly-owned subsidiary, Valley Holdings Inc, has acquired the remaining 25 per cent stake in Tata Chemicals (Soda Ash) Partners Holdings from its joint venture partner the Andover Group, Inc., a subsidiary of Owens-Illinois Incfor $195 million. The US Food and Drug Administration granted approval to drugmaker Merck & Co’s Ebola vaccine Ervebo, making it the first FDA-approved vaccine against the deadly virus.

Global Markets

Germany stocks were higher, as gains in the Chemicals, Consumer & Cyclical and Financial Services sectors led shares higher. The DAX rose 0.81%, while the MDAX index gained 0.44%, and the TecDAX index gained 0.15%. France stocks were higher after the close on Friday, as gains in the Foods & Drugs, Gas & Water and General Financial sectors led shares higher. The CAC 40 added 0.82% to hit a new 5-year high, while the SBF 120 index climbed 0.76%. Denmark stocks were higher after the close on Friday, as gains in the Personal & Household Goods, Consumer Goods and Healthcare sectors led shares higher. The OMX Copenhagen 20 added 0.83%

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