Market Snippet

Indian shares ended flat after earlier rising to their highest since late October as investors remained wary ahead of US jobs data that could provide some hints about the timing of the Federal Reserve’s likely move on interest rate hike, however the job report from US was not cheering for FED to come at any concrete decision for rate hike as the U.S. economy created the fewest number of jobs in more than 5-1/2-years in May as manufacturing and construction employment fell sharply. The broader NSE index ended up 1.85 points or 0.02 per cent at 8,220.80, after rising as much as 0.52 per cent to its strongest since October 26.

Global Market Updates:

  • Wall Street finished lower, led down by financial shares, after a surprisingly weak jobs report prompted doubts about the U.S. economy and its ability to sustain a near-term interest rate hike.
  • Jaguar Land Rover is suing Chinese automaker Jiangling Motor for allegedly copying the British firm’s Range Rover Evoque.

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