Equity benchmarks continued to fall with the Sensex falling 235.52 points to 28809.76 and the Nifty down 71.85 points to 8880.65.
Buzzing:
Kaya shares surged more than 9 percent intraday Friday as to strengthen network in UAE region, Middle East subsidiary acquired 75 percent stake in Sharjah-based company.
The agreement will become effective on fulfilling of certain conditions precedent and obtaining the requisite statutory approval/s, which will take approximately 4 months.
Minal Medical Centre and Minal Specialized Clinic Dermatology carry out business of skincare, body & hair services and reported revenue of AED 11.17 million in CY15.
Oil prices pulled back on profit-taking after settling more than 4 percent higher a day earlier, following a surprisingly huge drawdown in US crude stocks as Gulf Coast imports slumped to a record low.
Brent and West Texas Intermediate crude futures have gained about 6 percent this week and are on course for their biggest weekly gain in three weeks, after major producers Saudi Arabia and Russia agreed on Monday to cooperate on stabilizing the oil market.
London Brent crude for November delivery was down 1.1 percent at USD 49.44 a barrel after rising above USD 50 for the first time in two weeks and settling up 4.2 percent, on Thursday.
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