Indian Market:
Nifty closed marginally lower, after witnessing a range bound trade for the whole day. It was ranged at 5230-5270 and closed below 5250 level.
India, the world's second-largest cotton grower and exporter, will end curbs on overseas sales in the new crop year amid forecasts for a record harvest, said a government.
India's largest tractor maker by sales Mahindra & Mahindra reported an increase of 19.84% in auto sales to 27,562 units in June 2010 over June 2009. Despite the annual shutdown in the first week of June, the auto division had posted strong growth rates.
Global Cues:
Most Asian stocks rose on Thursday led by commodity producers, after Australian Prime Minister Julia Gillard reached an agreement with mining companies on a resources tax. The key benchmark indices in Taiwan, South Korea, Japan, Singapore and Indonesia rose by between 0.34% to 1.13%.
US stocks fell on Thursday as manufacturing and labor market data heightened fears of a double-dip recession before Friday's key employment report. The Dow Jones Industrial Average dropped 41.49 points, or 0.42% to 9,732.53.
China on Friday revised up 2009 gross domestic product growth to 9.1 percent from 8.7 percent on the back of higher output from industry and services.
Nifty closed marginally lower, after witnessing a range bound trade for the whole day. It was ranged at 5230-5270 and closed below 5250 level.
India, the world's second-largest cotton grower and exporter, will end curbs on overseas sales in the new crop year amid forecasts for a record harvest, said a government.
India's largest tractor maker by sales Mahindra & Mahindra reported an increase of 19.84% in auto sales to 27,562 units in June 2010 over June 2009. Despite the annual shutdown in the first week of June, the auto division had posted strong growth rates.
Global Cues:
Most Asian stocks rose on Thursday led by commodity producers, after Australian Prime Minister Julia Gillard reached an agreement with mining companies on a resources tax. The key benchmark indices in Taiwan, South Korea, Japan, Singapore and Indonesia rose by between 0.34% to 1.13%.
US stocks fell on Thursday as manufacturing and labor market data heightened fears of a double-dip recession before Friday's key employment report. The Dow Jones Industrial Average dropped 41.49 points, or 0.42% to 9,732.53.
China on Friday revised up 2009 gross domestic product growth to 9.1 percent from 8.7 percent on the back of higher output from industry and services.
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