INDIAN BENCHMARKS BSE index edged lower after setting records in each of the previous four sessions as investors took profits in recent outperformers such as State Bank of India, with caution also prevailing ahead of monthly U.S. jobs data.Expectations for earlier-than-expected interest rate cuts, hopes for additional government reforms, and a pick-up in foreign buying after a recent stall had all combined to spark the latest rally in shares. Markets are now looking ahead at U.S. employment data, which could help set expectations for when the Federal Reserve will raise U.S. interest rates.
The INDIAN BENCHMARKS SENSEX ended 0.17 percent down at 27868 and the 50-share NIFTY ended 0.02 percent down at 8337.
GLOBAL MARKET CHASE
ASIAN STOCKS higher with end of the week trade on boosted by the European Central Bank with its commitment to stimulating growth in the euro zone.
U.S. STOCKS rose after a soft Oct jobs report left many concluding the Fed Reserve might hold off on raising interest rates until later in 2015 than once anticipated.
EUROPEAN STOCKS. Were steady to higher as comments by ECB President Mario Draghi continued to support equities and investors awaited the release of a highly anticipated U.S. employment report due later in the day.
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