The Nifty broke below the 8,000 level for the first time since Oct. 1, heading towards a sixth consecutive losing session after a private survey showed the manufacturing sector cooled to its slowest in nearly two years in October. The Nikkei Manufacturing Purchasing Managers' Index, compiled by Markit, fell to 50.7 in October from September's 51.2. The 50-mark divides expansion from contraction. Falls in Asian markets also dented sentiment after soft Chinese factory surveys and U.S. consumer...

The 50-share Nifty index is expected to open higher on Friday following positive trend seen in other Asian markets. Tracking the momentum, the index is expected to reclaim its crucial psychological level of 7,500 in trade today. At 07:30 a.m., Nifty India stock futures in Singapore were trading 35 points higher at 7,525.00 a positive opening on the domestic market. The benchmark Sensex created history on Thursday by closing above the 25,000 mark for the first time on heavy buying in metal, power...