INSUBCONTINENT EXCLUSIVE:
Share markets on Friday: Twenty four out of 30 Sensex stocks started the session in the green.Domestic stock markets started Friday's
session on a positive note but soon pared early gains and turned slightly negative
following the beginning of the October futures and options (FO) series, limited the fall today
Yes Bank was the top loser on both the indices.Main losers in the 30-share Sensex pack in the morning session were Yes Bank (-0.37%), Power
Grid (-0.39%), Wipro (-0.47%), Coal India (-0.47%), TCS (-0.87%) and Infosys (-1.05%)
The top laggards in the 50-share Nifty pack were Yes Bank (-1.45%), IndiaBulls Housing Finance (-0.85%), Infosys (-0.64%), TCS (-0.61%) and
some correction still left and we may witness it in upcoming days
The existing PE ratio seems to be higher at current levels
Capital.The Indian rupee marginally rose by 10 paise to 72.49 against the US dollar in early trade on Friday.On the other hand, prominent
gainers in the 30-share Sensex pack were Axis Bank (+1.46%), HDFC (+1.44%), Tata Motors (+1.33%), ICICI Bank (+1.27%), Asian Paints (+1.21%)
and Induslnd Bank (+1.19%)
(+1.30%).Globally, Asian shares inched higher on Friday, following gains on Wall Street overnight after news of robust US economic growth,
with the chairman of the Federal Reserve saying the United States does not face a large chance of near-term recession
Oil prices inched up on Friday, with investors trying to gauge the potential impact on supply from looming US sanctions on Iran's crude
exports.Meanwhile, stock markets ended on a lower note on Thursday
BSE benchmark index Sensex shed 218 points to close at 36,324, while the broader NSE Nifty dropped 76 points to settle at 10,977
