Microsoft Corp, Amazon.com and Apple Inc, rose between 1.5% and 1.8%, providing the biggest boost to the S&P 500 and the Nasdaq.
Market watchers believe that low-level buying in beaten-down stocks supported the domestic equity market for the week ended May 20.
On Thursday Sensex dived over 1,500 points to hit an intraday low of 52,669.51 and Nifty also tanked over 400 points amid an extremely weak trend in the global markets.
Axis Securities said that Dr Reddy Q4FY22 reported revenue growth of 14.8% YoY, led by strong performance in geographies such as the US, India, and emerging markets.
The IPO is a combination of a fresh issue and offer for sale; eMudhra will not receive any proceeds from the OFS portion.
On Thursday, the shares of FMCG-cigarette-to-hotel major ITC zoomed over 4 per cent to hit a high of Rs 279.15. It rose 2 per cent to hit a new 52-week high of Rs 282.3 on BSE on Friday.
Sensex ended 1,534 points higher at 54,326.39 and Nifty jumped over 450 points to 16,266.15.
China cut its five-year loan prime rate (LPR) by 15 basis points on Friday morning, a sharper cut than had been expected, as authorities seek to cushion an economic slowdown.
The 30-share BSE benchmark settled 1,416.30 points lower at 52,792.23 on Thursday. The broader NSE Nifty tumbled 431 points to 15,809.40.
Aditya Birla Sun Life Mutual Fund (MF), Motilal Oswal MF, Nippon India MF, SBI MF, Baring Private Equity India, Hornbill Orchid India Fund, Pinebridge India Equity Fund and Abakkus Growth Fund are among the investors that participated in the anchor book.
Shares of the networking gear maker slumped 12.7% as it lowered 2022 revenue growth outlook, taking a hit from Russia exit as well as component shortage due to China lockdowns.
The quota for Retail Individual Investors (RIIs) got subscribed 68 per cent, non-institutional investors received 25 per cent subscription and Qualified Institutional Buyers (QIBs) 19 per cent.
Megacap tech and growth shares such as Apple Inc, Microsoft Corp, Amazon.com, Alphabet Inc and Tesla Inc slipped between 1.1% and 2.4% in premarket trading.
The 30-share BSE benchmark settled 1,416.30 points lower at 52,792.23. The broader NSE Nifty tumbled 431 points to 15,809.40.
Market watchers feel that sentiment took a hit after the UN significantly lowered its forecast for global economic growth this year from 4 to 3.1%
During 2021-22, the net profit of the company was down by 23% at Rs 1,320.20 crore from Rs 1,708.60 crore.
LIC made its debut on bourses on Tuesday. The scrip got listed at nearly a 7% discount at Rs 886.20 on the BSE against the issue price of Rs 949.
Tech Mahindra, Bajaj Finserv, Infosys, Wipro, Tata Steel, HCL Technologies, Bajaj Finance and State Bank of India were the major laggards in early trade
The company posted a year-on-year consolidated net profit of Rs 4,196 crore, up 11.7% in the quarter ended March 31, 2022.
The benchmark BSE Sensex was trading over 1,400 points lower and the 50-share NSE Nifty index was down over 400 points.
MSCI's broadest index of Asia-Pacific shares outside Japan fell 2% in early Asian trading hours, the first daily decline in a week. Japan's Nikkei tumbled 2.4%.
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