GLOBAL MARKETS ROUNDUP
Asian stocks slipped on Friday as Federal Reserve-inspired gains petered out, while the dollar steadied after rebounding from the shock of a surprisingly dovish U.S. central bank.
The S&P BSE Sensex slipped over 100 points in trade on Friday, led by losses in NTPC, HDFC, ICICI Bank and Tata Motors.
LOCAL MARKETS PREVIOUS CLOSE
• BSE index 28,469.67 (down 0.53 pct)
• NSE index 8,634.65 (down 0.59 pct)
• Rupee 62.5150/5250 per dollar (62.69/70)
• 10-year bond yield 7.76 pct (7.79 pct)
• 5-year OIS rate 7.01 pct (7.10 pct)
• 1-year OIS rate 7.57 pct (7.63 pct)
• Call money 7.70/7.75 pct (6.65/6.70 pct)
COMMODITY MARKET
Gold retained recent gains to trade near a two-week high on Friday and was headed for its biggest weekly jump since January after the Federal Reserve cautioned over its rate hike path and US economic growth.
Crude oil futures fell back sharply on Thursday one day after comments from the Federal Reserve spurred a broad rally, as oil traders shifted their focus back to the glut in global supply.
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