Japan's Nikkei share average fell on Friday as the yen strengthened on growing expectations of an interest rate hike by the Bank of Japan (BOJ) after hotter-than-expected inflation data. The Nikkei closed 0.4% lower at 38,208.03. It was down 0.2% on the week, marking its third consecutive week of losses. The broader Topix finished down 0.2% at 2,680.71.
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Zomato has closed its qualified institutional placement, raising Rs 8,500 crore at a 12% discount to its Thursday closing price, with major investors including Motilal Oswal, ICICI Prudential, and HDFC Mutual Fund; the funds will be used to expand its quick commerce arm, Blinkit, and invest in advertising and marketing.
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Shares of Bharti Airtel rose nearly 6 percent, emerging as the top gainer on the Nifty 50 on November 29, after ICICI Securities upgraded the stock to 'Buy' from 'Add,' citing strong fundamentals supporting its valuation. The brokerage assigned a target price of Rs 1,875, indicating an upside of 20 percent from its previous closing price of Rs 1,560.
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