Trends On SGX Nifty Indicate A Positive Opening For The Broader Indices In India

Trends on SGX Nifty indicate a positive opening for the broader indices in India, a gain of 39 points or 0.36 percent. Nifty futures were trading around 10,901.50-level on the Singaporean Exchange.

Asian stocks tracked global peers and rose on Friday while safe havens such as government bonds and the yen were sold amid signs of easing US-China trade tensions and as firm US economic data bolstered risk appetites.

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PNB Gives In Principle Approval For Amalgamation

PNB gives in-principle approval for amalgamation: Punjab National Bank board has considered and decided to give its 'In-principle approval" for amalgamation of the Oriental Bank of Commerce and United Bank of India into Punjab National Bank and commence the amalgamation process for the same, subject to all applicable approvals.

Lupin jumped over 2 percent on Thursday after global research firm Morgan Stanley maintained an overweight call on the stock with target at Rs 1,003 per share.

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Wall Street's Main Indexes Rebounded On Wednesday, After Robust Economic Data

Wall Street's main indexes rebounded on Wednesday, after robust economic data from China, easing tensions in Hong Kong and British lawmakers' approval of a law to delay Brexit provided relief to investors worried about global growth.

Asian stocks perked up on Thursday, as apparent progress in the political crises in Britain and Hong Kong gave investor confidence a shot in the arm, with easing fears of a hard Brexit lifting the battered pound.

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The Sensex Is Up 45.10 Points Or 0.12% At 36608.01, And The Nifty Up 20.70 Points

The Sensex is up 45.10 points or 0.12% at 36608.01, and the Nifty up 20.70 points or 0.19% at 10818.60. About 361 shares have advanced, 210 shares declined, and 30 shares are unchanged.

Bajaj Hindustan, Marico, Gail, Britannia, Zee Entertainment, Vedanta, L&T, Hero MotoCorp, Eicher Motors, and Coal India are among major gainers on the indices, while losers include Axis Bank, Yes Bank, HDFC Bank, ICICI Bank and Sun Pharma.

Among sectors, bank and pharma stocks are witnessing selling pressure, while some buying is seen in the FMCG, infra and IT.

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Asian Stocks Dipped Early Wednesday After Poor US Economic Data Stoked

Asian stocks dipped early Wednesday after poor US economic data stoked global recession fears and further soured investor sentiment already hurt by heightened trade war concerns.

US stocks fell on Tuesday as investors worried about global growth prospects after data showed US factory activity shrank in August for the first time since 2016 and the United States and China imposed new tariffs on each other over the weekend.

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Infrastructure Major L&T On Tuesday Said Its Construction Arm Has Bagged

Infrastructure major L&T on Tuesday said its construction arm has bagged the contract for construction of the Navi Mumbai International Airport. The company did not provide value of the contracts but said the orders fall under "major" category which ranges between Rs 5,000 crore and Rs 7,000 crore as per its classification of contracts.

"The transportation infrastructure and buildings and factories businesses of L&T Construction have secured a prestigious project from the Navi Mumbai International Airport Private Ltd for the engineering, procurement and construction of the greenfield Navi Mumbai International Airport at Navi Mumbai," L&T said in a regulatory filing.

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Wall Street Ended The Week With A Lackluster Session On Friday

Wall Street ended the week with a lackluster session on Friday as investors were cautious ahead of a holiday weekend in which a fresh round of US tariffs on Chinese imports were due to be levied.

Trends on SGX Nifty indicate a flat opening for the broader indices in India, a fall of 3 points or 0.03 percent. Nifty futures were trading around 10,938.50-level on the Singaporean Exchange.

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