Stock Market Highlights: After opening higher, the domestic stock markets –Sensex and Nifty–turned choppy in the late afternoon trade on Friday. The Sensex closed 169.56 points down at 36,025.54, while the Nifty closed the 10,800-mark. Maruti Suzuki share price plunged by more than 8% to Rs 6,465, to emerge as the biggest loser in the BSE. ICICI Bank shares ended nearly 1.7% lower after the CBI registered an FIR against former CEO and MD Chanda Kochhar, her husband Deepak Kochhar and Videocon group MD Venugopal Dhoot in relation to a loan case. Yes Bank shares closed higher after the firm appointed Deutsche Bank’s Ravneet Singh Gill as its new CEO. Ravneet Gill will join on or before March 1, 2019, the private lender said in a regulatory filing.
Asian stocks inched higher on Friday, buoyed by gains in U.S. technology shares, but gains were capped by worries over slowing growth in Europe and caution ahead of several key events next week including U.S.-China trade talks. The euro struggled near a six-week low versus the dollar following dovish-sounding comments from European Central Bank President Mario Draghi, who expressed concerns about the euro zone economy. We bring to you live updates.