Indian Market:
Nifty consolidated for the third consecutive day and closed with modest gains on Friday, led by technology, telecom, realty, select oil & gas and financial companies' shares.
The government on Thursday adopted a new symbol for the rupee that shall be used henceforth to represent the Indian currency in all written and electronic communication worldwide.
Mitsubishi Motors and India's Hindustan Motors both denied being in talks for the Japanese firm to pick up a stake in the Indian car maker on Friday.
Nifty consolidated for the third consecutive day and closed with modest gains on Friday, led by technology, telecom, realty, select oil & gas and financial companies' shares.
The government on Thursday adopted a new symbol for the rupee that shall be used henceforth to represent the Indian currency in all written and electronic communication worldwide.
Mitsubishi Motors and India's Hindustan Motors both denied being in talks for the Japanese firm to pick up a stake in the Indian car maker on Friday.
Global Cues:
Most Asian stocks fell on Friday after US manufacturing contracted and wholesale prices dropped, fueling concern an economic recovery may be faltering. Technology stocks declined after Google Inc. earnings missed estimates. The key benchmark indices in China, Indonesia, Taiwan, Japan and South Korea fell by between 0.05% to 1.6%.
U.S. stock-index futures swung between gains and losses as disappointing earnings from Google Inc. overshadowed Goldman Sachs Group Inc.'s settlement of a federal government fraud lawsuit.
General Electric Co. profit increased 14 percent from April through June, snapping seven quarters of declines, as its finance unit stabilized and the health-care division improved.
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