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The decision comes in the wake of BSE and the NSE announcing that Jio Fin shares will begin trading on Monday

The focus has turned to consolidation after the general level of risk appetite "took a knock from strengthening macroeconomic headwinds from China growth to rising rate concerns," Ole Hansen, head of commodity strategy at Saxo Bank, wrote in a note on Friday

Much of the gains for the year came as inflation concerns ebbed and longer-duration Treasury yields subsided. Yet signs of strength in the U.S. economy have helped push 10-year Treasury yields up nearly 30 basis points this month to 10-month highs and within inches of their highest levels since 2007

Barring one stock, Trendlyne data suggests that brokerages remain bullish on these counters and see up to 32% upside

Evidence of a resilient US economy fanned fears of interest rates staying higher for longer

Promoter Paritosh Kumar Garg (HUF), and India Business Excellence Fund – III will cumulatively sell 8,054,910 shares in the offer for sale. Currently, promoter and group entities cumulatively hold 88.24% stake in the company. India Business Excellence Fund owns 11.76% stake

Currently, Jio Financial is part of key indices of the BSE and National Stock Exchange, including the Sensex and Nifty 50, at a constant price of Rs 261.8 a share

Stock exchanges conducted a special pre-open session in shares of RIL to derive the price of Jio Financial. The derived price of Jio Financial came to be Rs 261.85 per share and the stock remained a part of the indices at this constant value.

The dollar index gained on Friday as the greenback seemed on track for a fifth consecutive week of gains led by the demand for safer assets as U.S. treasury yields likely stayed elevated amid lingering concerns about the Chinese economy.

COMEX Gold headed for its fourth consecutive week of declines as a robust US jobs report reinforced speculation that monetary policymakers may not be done with raising interest rates, Dilip Parmar, Research Analyst at HDFC Securities, said.