Also, the stock price of the company topped the Rs 1,000 mark during the intraday trading on Thursday. "The medium-term trend lines have been broken decisively, indicating that the market is currently seeing a phase of correction. The automakers posted a robust sales data for August.India's manufacturing PMI for August will be released on September 1 after market hours. This apart, US GDP data for Q2 and jobs data for August will be keenly watched by the investors across the globe. According to reports, the US economy is expected to see QoQ growth of 2.7%, an upgrade from the 2.6% estimate a month earlier.

Source: Economic Times August 27, 2017 05:27 UTC