INSUBCONTINENT EXCLUSIVE:
The Indian equity standards extended gains in noon deals led by gains in heavyweights like Infosys, Tata Consultancy Solutions, Reliance
Industries, HDFC, Tech Mahindra, Bharti Airtel and Bajaj Financing
The Sensex increased as much as 641 points and Clever 50 index reclaimed its important mental level of 18,050 ahead of retail inflation data
due later on in the day.As of 1:52 pm, the Sensex was up 596 points at 60,516 and Nifty 50 index climbed up 175 indicate 18,048
October retail inflation report is due at 5:30 pm on Friday, with a Reuters survey forecasting it likely hovered near a six-month low, which
would offer the central bank space to remain pat on rate of interest for now.The market breadth in the Nifty 50 basket was exceptionally
positive as forty one out of 50 shares were trading higher.Buying was visible across board as nine of 15 sector evaluates compiled by the
National Stock market were trading higher led by the Nifty IT index's 1.61 percent gain
Nifty Real Estate, Oil - & Gas and Financial Services indices also increased between 0.7-1.2 per cent.On the other hand, Nifty Media and PSU
Bank indexes were trading partially lower.Mid- and small-cap shares were underperforming their bigger peers as Nifty Midcap 100 index
advanced 0.3 percent and Nifty Smallcap 100 index rose 0.14 per cent.Shares of Fino Payments Bank made a weak stock market debut on Friday
as the stock opened for trading at Rs 544 on the National Stock Exchange compared with its concern price of Rs 577 per share, marking a
discount rate of nearly 6 per cent, data from stock market showed.Tech Mahindra was leading Cool gainer, the stock increased nearly 4
Hindalco, Adani Ports, Infosys, HDFC Life, Wipro, HDFC, Asian Paints, Bharti Airtel, SBI Life and Reliance Industries likewise rose between
1.5-1.5 per cent.On the flipside, Bajaj Vehicle, Tata Steel, NTPC, Hero MotoCorp, Axis Bank, Power Grid and Indian Oil were among the
notable losers.The overall market breadth was neutral as 1,639 shares were advancing while 1,612 were decreasing on the BSE.
