The market reversed two-rising streak amid broad based selling pressure on Friday. Sentiment was affected after Moody’s cut India’s credit ratings outlook to negative from stable, citing the government’s struggle to lift economic growth and narrow the budget deficit. Investors also mirrored negative global stocks amid uncertainty about the ongoing China-US trade war. Metal, IT and auto stocks witnessed major selling pressure.The Nifty 50 index fell 103.90 points or 0.86% to 11,908.15, as per the provisional closing data..
Alibaba Group Holding Ltd plans to launch a Hong Kong share offering to raise $10 billion to $15 billion in the final week of November.European shares opened lower on Friday, halting a week-long rally after mixed signals on U.S.-China trade left investors uncertain on whether the two sides are really getting close to signing a deal.The pan-European STOXX 600 index (STOXX) fell 0.4%.
Suzuki postpones India auto plant opening amid sales slump and plans to delay opening of new India plant by 3 months
Shares of Raymond locked at 20 percent upper circuit on November 8 after company demerged its core lifestyle business. Company announced the demerger of its core lifestyle business into a separate entity that will be listed through mirror shareholding structure, as per company release.
Strides Pharma Science announces relaunch of Ranitidine tablets in US market
Shares of Mindtree declined more than 1 percent intraday on November 8 after company’s CFO resigned.
Shares of Eicher Motors gained more than a percent and Mahindra & Mahindra rose 2 percent on November 8 ahead of quarterly earnings report due later today
Shares of DLF added more than 6 percent in the morning trade on November 8 after the realtor found a place on the MSCI India Domestic Index.
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