GLOBAL MARKETS ROUNDUP
Asian shares were subdued in early trade on Friday, but still on track for a steep weekly loss in the wake of China's shock currency devaluation earlier in the week.

The S&P BSE Sensex surged as much as 162 points in trade on Friday, led by gains in Sun Pharma, Infosys, ICICI Bank, HDFC Bank and RIL.

LOCAL MARKETS PREVIOUS CLOSE
• BSE index 27,549.53 (up 0.14 pct)
• NSE index 8,355.85 (up 0.08 pct)
• Rupee 65.10/11 per dollar (64.77/78)
• 10-year bond yield 7.74 pct (7.80 pct)
• 5-year OIS rate 6.96 pct (7.03 pct)
• 1-year OIS rate 7.30 pct (7.36 pct)
• Call money 7.00/7.05 pct (7.20/7.25 pct)

Reliance Communications Ltd: With the Narendra Modi government allowing spectrum sharing, Reliance Communications (RCOM) and Reliance Jio Infocomm are set to ink a pact that will enable the Mukesh Ambani-owned telco to offer fourth generation (4G) services over the 800 MHz band across 10 circles.

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