Track Share Market Highlights: The stock markets–Sensex and Nifty ended Friday’s session lower, tracking weak global cues. The Sensex closed 27 points down at 35,871.48, while the Nifty closed below the psychological 10,800-mark. Kotak Mahindra Bank shares closed 3.8% lower to Rs 1,240.05 on BSE in the morning trade on Friday, after ING is set to sell 1.2% stake via block deals at Rs 1,225-1,250 per share. RIL shares closed 1.25% down at Rs 1,231.
Shares in Asia were flat in early trade on Friday following a fall on Wall Street, with a deteriorating global economic outlook outweighing more signs of progress in trade talks between China and the United States. Early in the Asian trading day, MSCI’s broadest index of Asia-Pacific shares outside Japan was up less than 0.1 percent. Australian shares gained 0.5 percent and Japan’s Nikkei stock index was 0.3 percent lower, Reuters reported.
Weak economic reports pressured U.S. stocks on Thursday after the market’s recent run of gains, and a drop in healthcare shares added to the bearish momentum. The Commerce Department said new orders for key U.S.-made capital goods unexpectedly fell in December, pointing to a further slowdown in business spending on equipment that could crimp economic growth. We bring to you LIVE updates.