GLOBAL MARKETS ROUNDUP
Asian shares looked vulnerable on Friday after commodity prices plunged to multi year lows on worries that softer global growth may exacerbate the supply glut, while U.S. Federal Reserve officials kept beating the drum for a rate hike next month.
The S&P BSE Sensex slipped over 200 points in morning trade on Friday, led by losses in HDFC, TCS, RIL, ITC, HDFC Bank, and Infosys.
LOCAL MARKETS PREVIOUS CLOSE
• BSE index 25,866.95 (up 0.48 pct)
• NSE index 7,825.00 (up 0.54 pct)
• Rupee 66.31/32 per dollar (66.44/45)
• 10-year bond yield 7.68 pct (7.73 pct)
• 5-year OIS rate 6.92 pct (6.95 pct)
• 1-year OIS rate 7.10 pct (7.12 pct)
• Call money 6.80/6.85 pct (7.65/7.70 pct)
HDFC Ltd: In a first by any private sector Indian company, country's largest mortgage lender HDFC will issue $ 750 million rupee-denominated bonds, also known as 'Masala' bonds, to overseas investors to improve financing prospects for domestic infrastructure projects.
M&M Ltd: Italian car designer Pininfarina said on Thursday it expects to reach a deal to be acquired by Indian automaker Mahindra and Mahindra in the next few weeks.
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