Equity benchmarks ended higher inspite of weaker than expected GDP growth rate as the data raised the hopes of further interest rate cuts by the central bank in October. The NSE index ended the week up 1.2%.Nifty ended the Friday’s trading session at 10007.30.The next key support and resistance for the market is at 9850 and 10150.Media and Realty shares were the major gainers of the day while IT stocks were the major losers of the day.
Global Markets Update
Volkswagen expects to boost its sport-utility vehicle sales sharply by 2020 and will move to add electric vehicle offerings in the wake of its diesel emissions cheating scandal.
Asian shares gained with regional manufacturing figures aiding sentiment and the market poised for nonfarm payroll data from the U.S. to see get a better sense of the next likely Fed policy move.
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