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Markets are likely to open the session on a cautious note mirroring weakness in the Asian peers and a mixed close on the Wall Street as investors remain cautious ahead of the US non-farm payroll data due to be released later today.
Meanwhile, on the global front, European Central Bank President Mario Draghi sent a strong signal Thursday that the bank is prepared to expand its already massive bond-buying program, underscoring an increasing divergence in the monetary policies of the world’s largest central banks.
GLOBAL MARKETS
Asian shares were mixed on Friday as caution about a US jobs report jostled with signals from the European Central Bank that it is willing to take further steps to shore up the European economy. Japan's Nikkei fell 0.9%, extending losses this week to 6.0 percent. Chinese market will remain closed today.
The early indicator SGX Nifty is 0.3% down at 7,816.50 levels.
US stocks closed narrowly mixed, attempting to extend a recovery as investors eyed fluctuations in oil prices and awaited the final jobs report before the Federal Reserve's key September meeting.
STOCKS ON THE RADAR
Cipla is in talks to acquire the American business of Hyderabad-based Hetero Drugs as it seeks to expand its fledgling presence in the world's biggest pharma market.
SBI will issue over 19.6 crore shares on preferential basis at a price of Rs 274.37 per share to the government for raising Rs 5,393 crore capital.
Reserve Bank has allowed foreign investors to invest up to 40% of the paid up capital in Ashok Leyland.
Lupin has launched generic anti-depressant drug Duloxetine in 40 mg strength in the US market.
National Buildings Construction Corporation (NBCC) secured contracts worth Rs. 387 crore during last month.
Tata Motors inked a five-year agreement with Tata Technologies to leverage mutual strengths and capabilities for their strategic priorities while offering significant career benefits to employees of both the organisations.
London based diversified metals and mining major Vedanta Resources ruled out any rethink on its planned shutdown of the Lanjigarh refinery in Odisha.
Gujarat State Fertilizers Corporation (GSFC) is planning an ambitious international branding and promotions campaign for its Gujcon brand of reinforced fibres that are used in construction and infrastructure industries.
ONGC is planning to join hands with British Gas to conduct a study to reestablish exploration in Cauvery Basin Offshore.
ONGC is planning to join hands with British Gas to conduct a study to reestablish exploration in Cauvery Basin Offshore.
