Benchmark indices will consolidate before the key job data from US late tonight, but was able to close in green above the psychological mark of 8800 with nifty closing the last trading session of the week at 8809 i.e. 35 points higher. Investors are cautioned in making a further long position in the market as the non farm payroll report from the US may have crucial impact on the direction of markets.
Adani Ports, Bank of Baroda, Maruti were the top gainer of the day while Coal India, Reliance, and the ACC were the top losers of the day.
Global Markets Update:
- Carlyle Group and TPG Capital have planned to team up with two individual Chinese state companies to bid for McDonald’s outlets in China and Hong Kong in a deal worth between USD 2 billion and 3 billion.
Japan’s Nikkei share average ended flat after sluggish U.S. factory activity data soured sentiment and investors stayed cautious before the release of a key U.S. jobs report later in the day.
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