Indian Shares End Off Day’s Highs

Indian shares rose for a third straight session on Friday, even as markets ended off their day’s highs due to profit booking at higher levels.

Underlying sentiment was underpinned by the recent fall in crude prices to near pre-conflict levels and reduced expectations that the U.S. Federal Reserve will raise interest rates in the coming months.

Overnight data showed U.S. jobs growth slowed sharply in June, and the two prior months’ data were revised lower, raising expectations that the Fed will hold rates this month and potentially in September.