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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.

Reliance and Apollo have been in dialogue with global banks and financial institutions to stitch together funding for what would arguably be its largest cross-border acquisition till date.

Rates on T-bills have shot up nearly 130 basis points since before the off-cycle rate hike in early May, but benchmark bond yields have risen just over 30 basis points, leading to expectation that corporate capital expenditure may not have to bear the higher cost of funds.

Sales shrunk across categories in May led by commodities like edible oil and packaged atta which fell 32% followed by home care and confectionery which declined by 10% respectively.

The deal values the remaining 64.2% stake of Greaves Cotton in GEM at Rs 2,398 crore. It forms two-third of Greaves Cotton’s market capitalization of Rs 3700 crore a day before the deal announcement.