Markets opened gap down, but recovered in the later half of trade to overcome its global peers as Asian markets traded mostly in negative zone being cautious ahead of US non-farm payrolls data for April while Indian indices gains in the last hour made them to settle on flat note.
Banks were the leader in gainers zone as RBI on late Thursday issued guidelines for setting up of Universal Banks in private Banks while Pharma and IT capped the gains for indices to move northwards.
Global Market Updates:
- U.S. stock index futures were lower as investors remained cautious ahead of the monthly employment report, which could influence the Federal Reserve’s interest rate hike plan.
- Japanese stocks were lower today investors also worried about the impact of a strong yen on corporate profits.
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