Share market Highlights: The Sensex and Nifty settled higher on Friday, after investor sentiment got a boost after geopolitical tensions eased between India and Pakistan. The Sensex closed 197 points higher at 36,063.81 while the Nifty is closed above the 10,850-mark.
Bharti Airtel shares closed 3.2% lower at Rs 307.75 on BSE, after the firm announced a mega fund raising plan of Rs 32,000-crore in a bid to pare its debt pile. Zee Entertainment shares ended 4.4% higher at Rs 487.60. Bajaj Auto shares tanked by 1.3% to Rs 2,861 on NSE.
Asian shares inched higher on Friday with broader gains capped by investor caution as concerns about China’s economy and global trade weighed on sentiment while stronger-than-expected US GDP data pushed the dollar up. MSCI’s broadest index of Asia-Pacific shares outside Japan was up less than 0.1 percent in early trade. Japan’s Nikkei 225 gained 0.8 percent, helped by the weaker yen, while Australian shares added 0.6. Percent, Reuters reported.
Shares of billionaire Sunil Mittal-led Bharti Airtel will assume focus after global brokerage firms said that the latest Rs 32,000 crore fund raising will help the telco in deleveraging. Private sector airline Jet Airways will also assume focus after media reports indicate that chairman Naresh Goyal has agreed to step down from the firm. We bring to you LIVE updates.