Indian shares declined on Friday after an eight-session rally, as investors secured profits ahead of U.S. payrolls data that could provide more cues on a shift in the Federal Reserve's rate-hike plans.
The Nifty Midcap is on track to record its biggest weekly gain since July.
Investors will be keenly watching the U.S. non-farm payrolls data, scheduled to be released at 7:00 pm IST and is likely to showData on Thursday, showing falling U.S. job openings and contracting U.S. manufacturing activity, bolstered expectations that the central bank will slow the pace of interest rate hikes as soon as its December policy meeting.
Market participants also expect the Reserve Bank of India to follow suit and raise interest rates by a smaller 35 basis points next week, according to economists polled by Reuters.
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