Daily News about Indian Share Market by MarketMagnify


Posted September 4, 2015 by vivekhello4

The Indian rupee gained 9 paise in the early trade on Friday. It has opened at 66.15 per dollar against 66.24 a dollar in previous session.

 
GLOBAL MARKETS ROUNDUP
Asian shares were mixed on Friday as caution about a U.S. jobs report jostled with signals from the European Central Bank that it is willing to take further steps to shore up the European economy.

The S&P BSE Sensex plunged over 200 points in trade on Friday tracking muted trend seen in other Asian markets. The fall in the index was led by losses in HDFC, HDFC Bank, ICICI bank, and Axis Bank.

LOCAL MARKETS PREVIOUS CLOSE
• BSE index 25,764.78 (up 1.22 pct)
• NSE index 7,823.00 (up 1.37 pct)
• Rupee 66.24/25 per dollar (66.1850/1950)
• 10-year bond yield 7.75 pct (7.75 pct)
• 5-year OIS rate 6.93 pct (6.92 pct)
• 1-year OIS rate 7.26 pct (7.26 pct)
• Call money 6.30/6.35 pct (6.50/6.55 pct)

Cipla Ltd: India's third-largest drug maker Cipla is buying the American business of Hyderabad-based Hetero Drugs as it seeks to expand its fledgling presence in the world's biggest pharma market.

Raymond Ltd: Suiting fabric producer Raymond LtdBSE 1.46 % said it plans to invest $5 million to launch its products in the West Asian and African markets through its subsidiaries.

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Last Updated September 4, 2015