LIVE MARKETS: Trade indices lower, Nifty over 10,550; Airtel drops by 3%



The benchmark indices appeared lower on Fridays Friday, picking similar hints from their Asian peers.

Bharti Airtel trades with shares, which are 4 percent lower after Moody's Investors Service placed its rating downgrade due to low profitability and low cash flow expectations. "The review of the downgrade is mainly due to the expectation that Bharti's cash flow generation will remain weak and rising," said Moody's Vice President and Chief Credit Officer Annalisa DiChiara.

Almost 75 companies, including Titan, the Indian Energy Exchange, Hindustan Aeronautics, Indian Bank and India Cements, announced their profits in September for the fourth time.

The Fed will leave interest rates unchanged

The US Federal Reserve maintained interest rates on Thursday, but remained on the right track to tighten borrowing costs gradually, pointing to a healthy economy that was only affected by a decline in business investment growth.

Rupee

The rupee opened at $ 72.70 per dollar, from its previous closing of 73 against the dollar.


Samvat 2075 Muhurat Trade

Benchmark indices reached their best trading sessions in Muhurat for ten years, which increased by more than 0.5 percent at Muvat's Samvat 2075 session. Sensex BSE Sensex ended at 35,238, 246 points (0.70%), and the Nifty 50 index rose 68 points (0.65 percent) to 10,598 levels.

Global markets

Asian shares plunged on Friday as Wall Street turned away after the Federal Reserve maintained its plans to continue raising interest rates at a steady pace. Fourth tourism is expected next month.

The largest Asia-Pacific stock index from MSCI outside Japan fell by 0.06 percent. The index was still gaining more than 6 percent this week, during which it rose to a monthly maximum.

Australian stocks were flat, KOSPI in South Korea reached 0.2 percent and Japanese Nikkei fell 0.2 percent.

(with Reuters coming)


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