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Sensex, Nifty Rebound Sharply; Airtel And Pharma Stocks Top Gainers

RTTNews | 7h 11min ago

Sensex, Nifty Rebound Sharply; Airtel And Pharma Stocks Top Gainers

(RTTNews) - Indian shares rebounded on Friday, after having seen steep declines the previous day on account of F&O expiry.

The benchmark S&P/BSE Sensex jumped 759.05 points, or 0.96 percent, to close at 79,802.79 after seeing its steepest drop in almost two months on Thursday.

The broader NSE Nifty index ended the week's last trading session up 216.95 points, or 0.91 percent, at 24,131.10.

Bharti Airtel soared 4.4 percent after ICICI Securities upgraded its rating on the stock to 'buy.'

Among other prominent gainers, Tata Consumer Products, Mahindra & Mahindra, Cipla and Sun Pharma climbed 2-3 percent.

On the losing side, Power Grid Corp and Shriram Finance both fell around 1 percent.

Enviro Infra Engineers shares made a strong debut and got listed at 49 percent premium over its IPO price. Later, some profit booking sent the shares down 6 percent.

Easy Trip Planners shares soared more than 10 percent on becoming ex-bonus.

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Bay Street May Open Higher On Firm Metal Prices; GDP Data In Focus

Bay Street May Open Higher On Firm Metal Prices; GDP Data In Focus

Canadian shares may open higher on Friday with materials stocks set to ride on strong gold and silver prices. Data on Canadian GDP data for the third quarter is due out at 8:30 AM ET. As the U.S. market will close early today, volume of business on Bay Street will be thin for a second straight day.

RTTNews | 5h 13min ago

German Unemployment Rises Less Than Forecast

German Unemployment Rises Less Than Forecast

German unemployment increased less than expected in November despite companies reporting job cuts, figures from the Federal Employment Agency revealed Friday. The jobless rate came in at 6.1 percent, the same as in September and October. Also, the rate matched expectations. The number of people out of work increased only 7,000 after rising 26,000 in the previous month.

RTTNews | 5h 42min ago

French GDP Growth Accelerates; Inflation Rises Marginally

French GDP Growth Accelerates; Inflation Rises Marginally

The French economic growth accelerated as estimated in the third quarter on the Paris Olympic and Paralympic Games and inflation rose only marginally in November, official data revealed on Friday. Gross domestic product logged a quarterly growth of 0.4 percent in the third quarter, which was unchanged from the previous estimate, the statistical office INSEE reported. This follows a 0.2 percent ri

RTTNews | 7h 5min ago

European Shares Muted Ahead Of Key Inflation Reading

European Shares Muted Ahead Of Key Inflation Reading

European stocks slipped into the red on Friday ahead of the release of flash euro zone inflation data for November, due later in the day.

RTTNews | 8h 13min ago

FTSE 100 Muted In Cautious Trade

FTSE 100 Muted In Cautious Trade

U.K. stocks were muted on Friday ahead of the release of euro zone inflation data later in the day.

RTTNews | 8h 24min ago

CAC 40 Subdued On Budget Worries

CAC 40 Subdued On Budget Worries

French stocks traded lower on Friday, a day after the country's borrowing costs rose above those of Greece for the first time amid ongoing issues in politics and a weakening economy.

RTTNews | 8h 37min ago

DAX Slips As Retail Sales Disappoint

DAX Slips As Retail Sales Disappoint

German stocks traded lower on Friday after data showed retail sales in the country fell more than expected in October, falling 1.5 percent month-on-month.

RTTNews | 8h 48min ago

Asian Shares Mixed; China Leads Gains On Stimulus Hopes

Asian Shares Mixed; China Leads Gains On Stimulus Hopes

Asian stocks ended mixed on Friday, with a stronger yen amid BOJ rate hike bets weighing on Japanese markets while Chinese stocks logged strong gains on stimulus expectations, heading into a key economic meeting next month.

RTTNews | 9h 8min ago

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