MARKET EYE-Indian shares choppy, ahead of US monthly jobs data

  • India’s main share index and the broader NSE index each gain 0.1 percent, but trading is choppy ahead of U.S. Non-farm payrolls data on Friday which could help shape expectations about the timing of the withdrawal of the Federal Reserve’s monetary stimulus.

 

  • Recent outperformers such as ICICI Bank continue to fall on profit-taking, with the country’s biggest private sector lender down 0.8 percent, heading for a fourth consecutive session of falls. ICICI Bank’s shares surged 27 percent in October.

 

  • Public sector rival State Bank of India is down 0.6percent ahead of its results next week.

 

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