Benchmark indices traded flat on the last trading session of the week as caution prevails in the market ahead of State Assembly results due on Saturday. The market started off with a positive note supported by the exit polls which portrayed the ruling central government will strengthen its grip in Rajya Sabha.Nifty ended the session to close at 8958.70.
Auto and IT shares were the major gainers of the day while Metal and FMCG were the loosers for the day.
Global Markets Update
A World Bank tribunal’s order for Venezuela to pay $1.4 billion in damages to Exxon Mobil Corp over nationalizations has been annulled.
Japan’s Nikkei share average closed at its highest since December 2015 as exporters benefitted from the dollar hitting a six-week high against the yen, while investors waited for a U.S. jobs report that could pave the way for a rate hike as early as next week.
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