The equity market edged higher in early
trade. It regained positive terrain after slipping into the red and hitting
fresh intraday low in morning trade. The market breadth, indicating the overall
health of the market, was positive. Realty stocks edged higher on renewed
buying. Capital goods pivotals also edged higher. Britannia Industries jumped
on strong Q2 result.
Market
Wrap
- Indian markets went red. Nifty, Sensex down by 1.01% and 0.85%.
- Asia-Pacific markets traded mixed, USD went up on US jobs data.
- US ended up. US Jobless Rate at 7.3%. Dow Futures up by 122 pts.
Indian markets crashed down, weighed by
sharp depreciation seen in the INR against the US dollar. U.S gain on advancing
jobs report. China’s Core Inflation at 3.2% (YoY). Chinese Industrial
Production at 10.3% (YoY) fared better then estimates. Nifty down by 61 pts,
closed at 6078. Sensex down by 175 pts, closed at 20490. Europe is in green.
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