U.S. stocks closed higher on Thursday in spite of a sharp pullback late in the afternoon session, with the blue-chip Dow Jones Industrial Average closing at another record close, as traders await the Federal Reserve's favored PCE inflation gauge due on Friday ahead of the long Labor Day weekend.

A rally in the S&P 500 lost traction as Nvidia Corp. extended its selloff to more than 6%.

RIL will also consider issuing bonus shares to existing shareholders at a 1:1 ratio

Sonata Software bags multi-million dollar IT outsourcing deal from US healthcare leader

NTPC commissions first phase of Jaislmer Solar PV Project

Nifty ended on a strong note on Aug 29 aided by buying across frontline stocks in the last hour of trade. At close Nifty was up 0.4% or 99.6 points at 25151

8 of the 10 top traded stocks on nse were from outside Nifty. This reflects that the markets are now becoming more stock specific. Nifty could now head towards 25280, while 24920 could offer support in the near term.

Indian markets could open flat to mildly higher, in line with higher Asian markets today and positive US markets on Aug 29