Benchmark indices tanked on the last trading session of the week as govt of India notified the Banking Regulation (Amendment) Ordinance, on account of which banking stocks witnessed profit booking. Besides, a weak trend in global markets ahead of US non-farm payrolls data later today also dampened the domestic sentiment. Nifty ended the session to close at 9316.70. Cement stocks were the major gainers of the day while Metal and Banking stocks were the losers for the
Global Markets Update
Volkswagen is targeting fixed productivity gains at its troubled core division through 2020 by pushing cost savings, stemming overseas losses and launching more higher-margin cars as the carmaker battles to overcome its emissions scandal.
Shares in Asia fell on Friday with sentiment linked to U.S. nonfarm payrolls later in the day and elections in France at the weekend.
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