INDIAN BENCHMARKS rose more than 1 percent on Friday, heading towards their sixth straight session of gains, helped by banking stocks ahead of an industry meet while a survey showing manufacturing activity expanded at its fastest pace in two years in December, also boosted sentiment.
Further, The HSBC Manufacturing Purchasing Managers' Index (PMI) , compiled by Market, rose to 54.5 in December from 53.3 in the previous month, its highest since end-2012, as new orders flooded in and factories kept price increases to a minimum.
The INDIAN BENCHMARKS gained 380.36 points or 1.38% to settle at 27,887.90. The CNX Nifty gained 111.45 points or 1.35% to settle at 8,395.45.
GLOBAL MARKET CHASE
ASIAN STOCKS ended 2014 on a down note, as investors closed positions before extended New Year holidays and worries about Greek politics sapped risk appetites.
U.S. STOCKS were lower, as losses in the Consumer Services, Consumer Goods and Industrials sectors led shares lower.
EUROPEAN STOCKS were boosted after ECB President Mario Draghi said the risk of deflation in the euro zone cannot be excluded, signaling the possibility of large-scale quantitative easing measures.
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