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The U.S. central bank has raised interest rates by three quarters of a percentage point this year, and most Fed policymakers back raising interest rates another half of a percentage point at each of their next two meetings.

Friday is also the record date for RO Jewels to ascertain the eligibility of shareholders entitled for issue of bonus shares of the company in the proportion of 82:32 i.e. 82 new bonus shares for every 32 shares held by existing shareholders.

Multiple people told ET that talks are reaching the concluding stage on ownership transfer of the Jaora-Nayagaon Toll Road Company that operates the 120-km Jaora-Nayagaon section of SH-31 (erstwhile NH-79). An Ashoka subsidiary owns 74% of the Jaora-Nayagaon Toll Road Company, while Macquarie India owns the remaining 26%.

The Sensex ended up 436.94 points, or 0.79%, at 55,818.11 and the Nifty ended up 105.25 points, or 0.6%, at 16,628. Analysts see hurdles for the market in the days ahead.

Macquarie has upgraded Wipro to outperform and rated Tata Consultancy Services and HCL Technologies as top picks. The brokerage said its preferred picks in the sector are in the order of HCL, TCS, Wipro and Tech Mahindra.

I have applied for NSE and BSE for the MD & CEO post, and I have not received any intimation for interaction. Received a mail from consultancy firm Korn Ferry of NSE that my candidature was not found suitable by NRC of NSE," he said in an email response.

Aether Industries will make its debut at the bourses on Friday. The company raised Rs 808.04 crore via its initial stake sale, selling its shares in the price range of Rs 610-642 apiece between May 24-26.

The Nasdaq gained 2.69% to 12,316.90 points, while Dow Jones Industrial Average rose 1.33% to 33,248.28 points.

U.S. gold futures were up 0.3% to $1,875.90. Gold prices rose over 1% on Thursday supported by a dip in the dollar and data showing U.S. private payrolls rose less than expected last month. Signs of an economic crisis can be supportive for gold demand, as investors consider it as a safe-haven asset.

Markets have locked in consecutive 50-basis-point Fed hikes in June and July but the dollar has been pushed around this week by uncertainty about what happens after that. The dollar rose through the early part of the week on nerves that record high inflation in Europe was a harbinger of sharply higher rates everywhere.