For the week, the domestic stock markets continued to choke under selling pressure, with the Nifty tumbling 231.50 points to 10,226.85 and the Sensex sliding 739.80 points to settle at 33,307.14. Metal sector too is off its previous losses and is trading higher.
In the Asian region, Hong Kong's Hang Seng was up 1.68 percent and Shanghai Composite Index rose 0.75 percent, while Japan Nikkei edged higher by 1.72 percent in early trade.
Back home, Indian equity benchmarks retreated yet again on Friday after a day's breather. After a positive start, markets turned around in the second half of the session to close lower. On Friday, the three major USA stock indices climbed nearly 2 per cent and the Nasdaq closed at a record high, as February's jobs report assuaged fears of inflation and aggressive interest rate hikes.
Sensex today: The benchmark indices started week on a positive note, with Nifty reclaiming its crucial 10,300 level, tracking a relief rally in Asian markets after the latest United States jobs report managed to impress with its strength while also easing fears of inflation and faster rate hikes, a neat feat that whetted risk appetites globally.
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An airport spokesperson told the paper that casualties were feared but there are no further details. The plane is believed to have been travelling from Dhaka when it met the accident in Kathmandu .
Japan cronyism scandal hitting Abe popularity
He said the alterations were conducted by bureaucrats at the finance ministry's division in charge of state land sales. The opposition immediately went on the attack over the affair.
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If you want to compete at a high level of competitions you need the good players, and the good players make good managers, good clubs'.
Private bank stocks ICICI Bank (up 1.37 per cent), IDFC Bank (up 1.20 per cent) and IndusInd Bank (up 1.03 per cent) were gaining over 1 per cent in morning trade on Monday, keeping the sectoral index in the green. However, wages grew less than expected at 2.6 per cent on an annualised basis.
The Dow Jones Industrial Average climbed 1.8 percent on Friday while the S&P 500 added 1.7 percent.
The European stock markets too jumped on the positive U.S. jobs data.