Nifty Corp (3828.T)
15 Jul 2016
Indian shares ended higher on Friday, although the indexes ended marginally down for the week, with corporate earnings bringing positivity into an otherwise lacklustre market.
* Says the company will be delisted from Tokyo Stock Exchange effective July 19
Nifty hit its highest in more than 11 months on Thursday tracking rising global markets, although broader gains were capped ahead of quarterly earnings and an expected government announcement about the next central bank chief.
India's broader Nifty hit its highest level in more than 10 months on Friday and its biggest weekly gain in five as expectations of a good monsoon and economic reform hopes continued to support auto and consumer goods stocks.
The NSE Nifty rose 0.9 percent on Wednesday to post its biggest single-day percentage gain in two weeks, as auto and retail sector shares advanced after the federal government approved a pay hike for its employees.
* Says the company acquired 6.9 million shares of Nifty Corp during the period from May 2 to June 15
Indian shares fell on Friday, posting their first weekly loss in five, as investors braced for yet another weak quarter of earnings and after a torrid session in Asia following tepid Japan business sentiment data.
Indian stock markets jumped 1.8 percent on Wednesday and posted their biggest single-day percentage rise in about a month, tracking gains throughout Asia after U.S. Federal Reserve Chair Janet Yellen called for caution when raising interest rates.
MUMBAI Indians stock markets edged higher on Friday in a volatile session as energy companies such as Reliance Industries rallied after the country simplified oil and gas licensing rules, while property developers gained after parliament passed a real estate bill.
MUMBAI Indian stock markets edged higher on Friday, posting their best weekly gain in more than four years, tracking gains in Asian markets and on improved risk appetite after the government unveiled a fiscally prudent budget earlier this week.