INDIAN BENCHMARKS declined in a truncated trading week ended 17 April 2015, as worries mounted that Greece's debt troubles could trigger an exit for the country from the Eurozone and possibly financial contagion.The recent rise in global crude oil prices also weighed on sentiment. The recent rise in global crude oil prices will raise concerns pertaining to India's fiscal deficit, current account deficit and fuel price inflation.
Further, India's largest software services exporter Tata Consultancy Services posted a better than expected rise in net profit led by strong worldwide client spending and said it expected revenue growth in the year starting in April to top industry estimates.
The INDIAN BENCHMARKS declined 437.28 points or 1.51% to settle at 28,442.10. The 50unit CNX Nifty dropped 174.35 points or 1.98% to settle at 8,606.
GLOBAL MARKET CHASE
ASIAN STOCKS edged away from fresh seven-year highs on Friday but was still on track to score weekly gains, while the dollar languished after lackluster US economic data made a nearterm interest rate hike appear less likely.
U.S. STOCKS index futures poised for a higher opening at the Wall Street on Friday.
EUROPEAN STOCKS A pullback in bearings maker SKF and crop chemicals group Syngenta weighed on European equities on Friday, keeping a lid on the region's stock markets after a strong run so far this year.
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