Wall Street’s main indexes edged lower as declines in healthcare and energy stocks paused a rally that had driven the Dow to its fastest ever 1,000 point gain.
US stocks rose with a broad-based rally across sectors as speculation over China halting US bond purchases eased and investors focused on quarterly earnings reports.
European shares opened slightly lower, with most sectors except financials in the red as concerns grow over the direction of the bond market.
The benchmark Sensex rose by 162 points to end at three-week high of 31,892.23 on buying in auto, pharma and energy stocks despite a weak economic growth data for Q2.
European shares broke their three-day winning streak as banks fell following a set of cautious minutes from the U.S. Federal Reserve, and energy stocks also weighed.
Basic resources and energy stocks helped European benchmarks build on the previous week's robust gains, as commodity prices climbed.
US stocks opened little changed as gains in energy stocks offset losses in technology.
The FTSE 100 held firm as a rise among financials and energy stocks lent support, though a plunge in Carillion's shares after a profit warning weighed on mid-caps.
World stocks were poised to eke out slim gains for the week as a tentative recovery in oil prices spurred investors to hunt for bargains in the beaten-down energy sector.
European shares steadied in opening deals, helped by a rise in energy stocks prompted by growing tensions in the Middle East, while public holidays reduced activity.
Ultratech Cement leads race to take over Binani Cement
Offers around Rs 6,200 cr, 20% stake in co to unsecured financial creditors
Dalmia Bharat offers Rs 6,300 Cr
Dalmia seen to lose as UltraTech offering equity stake to creditors
Final decision on winner to be ratified by NCLT
Business Standard Reporst
4 companies put in bids for 9 operational national highways under ‘toll-operate-transfer’ model
Brookfield Asset mgmt, Macquarie, IRB Infra and Roadis- NIIF are cos in fray
NHAI hopes to generate more than Rs 6000 cr Under TOT model
auction will involve five highways running across Andhra Pradesh and four in Gujarat
total length of these highways is just under 700 km
Successful bidder to get toll collection rights for 30 years
Ministry of Commerce recommended Central Govt Anti dumping duty on Dimethylacetamide
Recommend duty for 5 Yrs on DMAC originating from China and Turkey
Co bags Rajasthan Project
Received a LOI to construct, own, operate and maintain Fatehgarh-Bhadla transmission project in Rajasthan
Received LOI from PFC Consulting Ltd, an arm of Power Finance Corporation
With this project, ATL will strengthen its existing presence in Rajasthan with 2 operational transmission projects and 4 under construction assets
On completion of this acquisition cumulative transmission network will reach 12000 ckt kms, out of which ~9000 ckt kms under operation
Transformation capacity of ATL will also increase to 19,300 MVA from 35 substations
To be out of F&O if it does not declare quarterly results by March 1
All existing F&O contracts will expire on March 28
No fresh contracts will be available if the firm fails to submit results for quarters ended September and December 2017 by March 1