Key equity benchmarks ended marginally higher, rising for the second straight day. Steep gains were capped amid worries about slowing economic growth and ongoing Sino-US trade tensions. Firmness in auto and banks shares was nullified by weakness in IT and pharma stocks.
On the domestic macro front, the trade deficit narrowed 27.9% to $13.43 billion in July 2019 from US$ 18.01 billion in July 2018.
Brazilian power company CPFL Energia is in an expansion phase that could include the purchase of fellow utility Companhia Energetica de Minas Gerais. U.S. stocks were higher after the close on Friday, as gains in the Industrials, Basic Materials and Technology sectors led shares higher.The Dow Jones Industrial Average gained 1.20%, while the S&P 500 index climbed 1.44%, and the NASDAQ Composite index climbed 1.67%.
Lupin received approval from USFDA for Hydrocortisone Valerate cream.
Yes Bank sets issue price at Rs 83.55 per share for QIP. The bank said it raised Rs1,930cr via QIP over Aug 9-14.
Bosch to observe-“no production days” up to 10 days/month during Sep quarter.
Hero MotoCorp: Manufacturing facilities will be closed from August 15-18, closure a part of holiday calendar but also reflects prevailing demand scenario
Tata Motors: Crisil downgraded long term rating to AA-/Negative from AA/Negative, citing weakening of outlook on the business risk profile of JLR.
Indiabulls Group shares came under selling pressure after credit ratings firm Moody’s revised the corporate family rating of Indiabulls Housing Finance to “Ba2” from “Ba1”.
Glenmark Pharma falls 5% as brokerages slash price targets.
Sweden stocks were higher after the close on Friday, as gains in the Basic Materials, Financials and Consumer Services sectors led shares higher.The OMX Stockholm 30 gained 1.58%.
Netherlands stocks were higher after the close on Friday, as gains in the Healthcare, Financials and Consumer Services sectors led shares higher.The AEX gained 1.33%.
Canada stocks were higher after the close on Friday, as gains in the Healthcare, Industrials and IT sectors led shares higher.The S&P/TSX Composite rose 0.86%.
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