INSUBCONTINENT EXCLUSIVE:
The rupee's recovery against the US dollar in early trade added to momentum.Domestic equity indices opened on a positive note on Friday,
session were Sun Pharma (+2.88%), SBIN (+1.87%), Vedanta (+1.81%), ICICI Bank (+1.81%), Maruti (+1.60%) and Power Grid (+1.35%)
cooled to a 10-month low in August on cheaper food items while industrial output expanded by 6.6 per cent in July.Food inflation slowed to
0.29 per cent from a year earlier, against 1.37 per cent in July
Consumer Price Index (CPI) based inflation fell to 3.69 per cent in August on the back of easing prices of fruits, vegetables and other food
early trade also added to the momentum today."The market seems to be in a positive trajectory as the rupee recovered from the record low on
the news that PM Narendra Modi will hold economic review meet over the weekend
Investors are suggested to use every dip for the buying opportunity", said Ritesh Ashar, Chief Strategy Officer, KIFS Trade Capital.Asian
shares also nudged higher on Friday as moves by the United States and China to resolve a bitter trade dispute and a sharp interest rate hike
in crisis-hit Turkey supported global risk appetite
Globally, oil prices today clawed back some of its losses from the previous session when prices fell the most in a month, although worries
that emerging market crises and trade disputes could dent demand continued to drag.On the other hand, the main losers in the 30-share Sensex
pack in the morning session were Wipro (-0.12%) and TCS (-0.43%)
The top laggards in the 50-share Nifty pack were Asian Paints (-0.42%), CIPLA (-0.41%), Coal India (-0.39%), Eicher Motors (-0.31%) and
BSE benchmark index Sensex rose 304 points to close at 37,717, while the broader NSE Nifty settled 82 points higher at 11,369
