INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Headline indices Nifty and Sensex registered strong opening on Friday , tracking firm cues from other Asian cues
Investors were keenly awaiting wholesale price index (WPI) data for August which was scheduled later for the day
Around 9:30 am, the BSE Sensex was 192 points, or 0.51 per cent, up at 37,909, while the Nifty50 was 73 points, or 0.65 per cent, up at
PowerGrid, YES Bank, Maruti and Vedanta were leading among sensex scrips, rising up to 3.31 per cent.
Asian shares edged higher amid reports
United States and China were looking to resolve a bitter trade dispute
A sharp interest rate hike by the Turkish central bank also raised hopes that EM policymakers were taking steps to control weakening macros
The report pushed the rupee's higher in the morning trade
Wipro, Infosys, Mahindra Mahindra and TCS were in the red at the time of writing this report
Barring IT and teck, all sectoral indices were in the green on BSE.
The rupee on Friday opened 49 paise higher at 71.70 against dollar after
the US dollar fell to a near 1-1/2-month low against a group of currencies on Thursday
The American currency slipped after data showed that the US consumer prices increased less than expected in August, changing traders’
views on an acceleration in domestic inflation.
India’s retail inflation decelerated to a 10-month low in August while factory output
Consumer inflation eased to 3.69 per cent in August, government data showed, falling below the RBI target of 4 per cent and July’s reading
