Indian shares rallied to record highs on Friday on hopes of a market-friendly outcome to upcoming elections, leading broader emerging equities to six-week highs ahead of key U.S. jobs data. Investors are awaiting the U.S. payrolls numbers that could provide clues about the pace at which the U.S. Federal Reserve reduces monthly bond-buying. But there was some relaxation in recent market tensions over Ukraine, where many had feared the outbreak of fully-fledged war with Russia.
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