Indian Face
1. INDIAN EQUITY BENCHMARK rebounded in late trades on Friday to end at their highest levels in eight weeks, amid firm global cues, led by engineering major L&T and renewed buying interest in financials. In the broader market, BSE MidCap index gained 0.4% while SmallCap ended flat with positive bias.
2. Nestle India rose 5.59% after the company said that tests in three separate laboratories conclude that Maggi Noodles are safe for consumption.
3. Radico Khaitan surged 5.55%, after the company said Reliance Mutual Fund bought an additional stake in the company through open market
GLOBAL FACE
1. Asian shares rose after upbeat U.S. price and jobless claims data eased recent concerns over the U.S. economy, but trading activity was subdued as investors looked ahead to more catalysts.
2. European shares extended the previous session’s rally on Friday, tracking strong gains on Wall Street and in Asia, as some U.S. data releases eased concerns about the pace of recovery in the world’s biggest economy.
3. U.S. stock index futures poised for a lower opening at the Wall Street on Friday.
