Indian Market:
Nifty has maintained uptrend for second consecutive day, led by global cues and closed above 5350 on Friday, for the first time since June 21, 2010. Telecom, technology (barring TCS), financial, metal, realty and auto companies' shares helped the Sensex to rally 182 points.
Bharti Airtel India's leading mobile operator, rose more than 10 percent on Friday Credit Suisse upgraded Credit Suisse, which upgraded Bharti to "outperform" from "neutral", said tariffs had been stable in the last eight months and high cost for 3G mobile spectrum had crimped mobile operators' ability to go for further price war.
The Maharashtra Chamber of Housing Industry (MCHI) said it was considering filing a writ petition in Court, challenging the State Government's decision to levy service tax on properties under construction.
Most Asian stock markets rose on Friday after an encouraging US jobs report helped Wall Street extend gains. The key benchmark indices in Hong Kong, Indonesia, China, Taiwan, Singapore, Japan and South Korea rose by between 0.07% to 0.59%.
Wall Street rose for a third straight day on Thursday, 8 July 2010, as investors were encouraged to see jobless claims fall and a handful of large retailers report solid sales. The Dow Jones Industrial Average was up 120.71 points, or 1.20% at 10,138.99.
Japanese stocks rose, driving the Nikkei 225 Stock Average to its biggest weekly gain this year, after a drop in U.S. jobless claims stoked optimism in the global economy
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