Buffett's Berkshire Hathaway bought 75 million more Apple shares in first quarter: Reports Berkshire Hathaway Inc bought 75 million additional Apple Inc shares in the first three months of the year, CEO Warren Buffett told CNBC on Thursday, aggressively ramping up its bets on the iPhone maker. Buffett's Apple commitment over the past two years has surprised many, given his historical aversion to companies associated with the technology sector. READ MORE Warren Buffett | Photo: Reuters Market Check S&P BSE Sensex 35,007.29 -0.27% Nifty 50 10,640.90 -0.36% S&P BSE 200 4,663.39 -0.20% Nifty 500 9,365.10 -0.25% S&P BSE Mid-Cap 16,635.40 0.10% S&P BSE Small-Cap 18,043.20 0.04% Time-wise correction due in large-cap IT stocks; TCS, NIIT Tech top picks A number of information technology (IT) companies have announced their earnings for the March 2018 quarter, which were mostly mostly in line with the analysts’ expectations. In some cases, the companies tweaked the guidance for financial year 2018-19 (FY19) to reflect the challenging business environment. READ MORE Sebi's risk management measures for derivatives likely to impact volumes The Securities and Exchange Board of India’s (Sebi’s) additional risk management measures for the derivatives market are likely to impact volumes and increase trading costs. According to brokers, the higher margin requirements could lead to up to a 30 per cent drop in volumes in certain segments, particularly option writing. Increasing the margin or capital requirements for dealing in the derivatives segment, the market regulator in a circular on Wednesday asked brokers to mandatorily levy ‘initial margin’, ‘exposure margin’ and ‘calendar spread margins’ on their clients. READ MORE Sectoral Trend Top Sensex gainers and losers
The markets are trading in a range on Friday amid weakness in the global markets. That apart, stock-specific action is likely to continue as the day progresses, as March 2018 quarter (Q4FY18) earnings take centre-stage.
Among sectoral indices, the Nifty Metal index was trading nearly 1% lower led by a fall in shares of Hindustan Zinc and Hindalco. The Nifty IT index too was down led by a fall in shares of Mindtree and Wipro.
Investors will also look forward to Nikkei Services Purchasing Managers Index (PMI) data to be released later in the day.
GLOBAL MARKETS
Asian shares stepped back while the Japanese yen held onto overnight gains in early trading on Friday as financial markets turned their attention to the looming US payrolls data for fresh catalysts.
MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.26 per cent, while Japan’s Nikkei stock index slid 0.16 per cent.
(with Reuters input)
