Domestic shares advanced for second straight session on Friday, on broad-based buying support. At close, the Sensex was up 226.79 points or 0.55% at 41613.19, and the Nifty was up 67.90 points or 0.56% at 12248.30.

Yes Bank, Tech Mahindra, Britannia Industries, UltraTech Cement and Axis Bank were among major gainers on the Nifty, while losers include Power Grid, Cipla, IndusInd Bank, Tata Motors and BPCL.

Global Markets

Japan’s Suzuki Motor Corp is co-operating with Dutch authorities over their findings that its diesel vehicles had broken the country’s emissions rules, and is required to respond to the probe by mid-February. European shares on Friday shrugged off worries over the coronavirus outbreak after the World Health Organization designated it an emergency for China but not yet for the rest of the world. STOXX 600 gained 1.1%.

Stock Snippets

Strides Pharma Science’s formulation facility at Alathur (Chennai), India underwent a USFDA inspection which concluded with Zero 483 observations.

Maruti Suzuki commenced exports of its chartbuster S-PRESSO to overseas markets. The consignments have left for global markets including parts of Asia, Latin America and Africa regions.

Godrej Properties launching a luxurious residential development at RK Studios, Chembur. The company is currently launching Collector’s Edition 3 & 4 bedroom residences.

Alembic Pharmaceuticals has received final approval from the US Food & Drug Administration (USFDA) for its Abbreviated New Drug Application (ANDA) Bosentan Tablets, 62.5 mg and 125 mg.

Adani Gas share price fell 13 percent in early trade on January 24 after the Petroleum and Natural Gas Regulatory Board (PNGRB) sent notice to the company for not disclosing some crucial information.

Global Markets

Asian markets traded higher on Friday in Asia. Investor sentiment remained fragile, however, as death toll related to the Coronavirus in China continued to rise.

Japan stocks were higher after the close on Friday, as gains in the Paper & Pulp, Railway & Bus and Real Estate sectors led shares higher. The Nikkei 225 rose 0.13%.

Australia stocks were higher after the close on Friday, as gains in the Healthcare, Financials and IT sectors led shares higher. The S&P/ASX 200 gained 0.04%.

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