INDIAN BENCHMARKS edged lower, weighed by the recent selling of Indian stocks by the foreign portfolio investors (FPIs). The stock prices were under pressure as traders and investors resorted to year-end profit booking. The market fell in four out of five trading sessions in the week ended 20 March 2015.
Further, The Rajya Sabha passed a bill to auction mines that supply minerals like iron ore and bauxite for the first time, in a thumbs up for Prime Minister Narendra Modi's bid to kick start an industry that has languished for years.
The INDIAN BENCHMARKS shed 242.22 points or 0.84% to settle at 28,261.08. The CNX Nifty dropped 76.85 points or 0.88% to settle at 8,570.90.
GLOBAL MARKET CHASE
ASIAN STOCKS slipped as Federal Reserve-inspired gains petered out, while the dollar steadied after rebounding from the shock of a surprisingly dovish U.S. central bank.
U.S. STOCKS index futures poised for a higher opening at the Wall Street on Friday.
EUROPEAN STOCKS Construction companies Holcim and Lafarge outperformed flat panEuropean equity indexes on Friday after salvaging their merger.