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Asia

Asian stocks declined on Friday following subdued movements on Wall Street, as traders anticipated U.S. jobs data that will provide insights into future interest rate decisions. Gift Nifty suggests a flat opening for Indian markets.

US & Europe

The S&P 500 and Nasdaq finished higher, whereas the Dow ended lower following a volatile trading session on Thursday. Investors analyzed earnings reports and anticipated Amazon's results postmarket, along with a crucial jobs report on Friday. Meanwhile, European markets reached a record high on Thursday, driven by numerous earnings announcements and a 0.25% rate cut by the Bank of England.

Commodities

Oil prices declined on Thursday after U.S. President Donald Trump reiterated his commitment to increasing U.S. oil production, unsettling traders a day after the country reported a significantly larger-than-expected rise in crude inventories. Gold prices dropped 1% on Thursday as the U.S. dollar strengthened ahead of a crucial jobs report, prompting investors to take profits following five consecutive sessions of record highs driven by escalating trade tensions between the U.S. and China.

* Events today: RBI MPC meeting outcome, US Fed balance sheet/ Non Farm Payrolls/ Baker Hughes oil rig count, Japan/ China FX Reserves.

* Ex-date: ONGC, Power Grid Corp, Nestle, GAIL, Chola Investment and Finance Corporation, Tube Investments (Dividend), Ksolves India (Split)

* Earnings today: Wockhardt, Va Tech Wabag, Zaggle Prepaid Ocean Services, VST Industries, Venkys, Sun TV Network, NHPC, Oil India.

* HG Infra was declared as L-1 bidder by Rail Land Development Authority (RLDA) to develop the railway station in a joint bid with DEC Infrastructure.

* Auropharma approved a plan to acquire 80 percent of Tergene Biotech Ltd, a subsidiary, making it a direct subsidiary of Aurobindo Pharma.

Nifty Outlook

The dip to 23550 region that took two days to unfold provides a window for an upswing to either 23680 or 23800. As maintained yesterday, the extended targets of 24020-24226 awaits further confirmation. Meanwhile, inability to float above 23680 would point towards further weakness or consolidation with 23476 or 23300 stepping in to avoid a collapse.

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