Indian markets are likely to open negative tracking global indices and SGX Nifty.
US market moved higher for another session on Friday in spite of weaker than expected economic data. Nonfarm payroll employment increased by 156000 in August against an expected increase of about 180000 jobs. Steel stocks had a strong session with the NYSE Arca Steel Index closing up by 2.1 percent.
UK stocks closed up after IHS Markit PMI data showed that the manufacturing sector had expanded strongly in August. The PMI rose unexpectedly to a fourmonth high of 56.9 in August from 55.3 in July. Shares of Rio Tinto moved up by 0.5 percent on news that it had completed the sale of its whollyowned subsidiary Coal Allied Industries Limited to Yancoal Australia Limited. Pharmaceuticals group Indivior sank 35.77 percent after losing a U.S. patent ruling over its key product Suboxone Film.
Indian markets gained ground on Friday in spite of weak GDP data. Indias GDP
growth for the quarter of June w
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