Share Market Update : Benchmark indices Sensex and Nifty closed on the negative zone Friday on account of profit booking. The indices rallied to record high levels in the early trade, however, after which fell sharply to turned red and close on the negative zone by the closing session.

Schmidt, who was instrumental in Google's growth for a decade, will remain a technical advisor to Alphabet. He had stepped down as chairman about a year ago

Share Market Update: RIL, Wipro, Tech Mahindra, ICICI Bank, SpiceJet, Interglobe Aviation, HDFC, HDFC Bank, were the major gainers in the indices, while Jet Airways, Infosys, TCS and Hindalco were among top laggards.

Asian shares were close to 18-month highs on Friday, tracking a rally on Wall Street after U.S. President Donald Trump promised to unveil a major tax announcement to lower the burden on businesses.

The Sensex fell further after the reports of criminal investigation of generic makers over suspected price collusion and closed  156 points lower.

Congress on Wednesday claimed in the Rajya Sabha that the \"real opposition\" to the long-pending GST bill was coming from within the government and that the main opposition was ready to give full support to it provided its three key recommendations are accepted.

Billionaires lose millions with stock market crash