Indian markets close higher on Friday
Most banking and metal stocks put in a good performance on Friday, according to media reports.
Some of the key stocks that gained on Friday were Hero MotoCorp, Tata Motors, Bajaj Auto, Grasim, Hindalco, Ambuja Cements, L&T, M&M and Axis Bank while Bharti, Tech Mahindra, Sun Pharma, Power Grid, Infosys, TCS and Wipro were some of the key losers.
However, the market remains cautious about the outcome of US non-farm payrolls data expected later on Friday.
The Reserve Bank of India bi-monthly policy due on August 9 is also of some concern to the market.
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