Business

The 30-share index opened a shade higher at 35,145.75 points, hovered in the range of 35,402 and 35,118.42, before ending the session at 35,260.54, with a gain of 118.55 points, or 0.34 per cent, over its previous close.

The appreciating rupee and mixed leads from other Asian markets too influenced sentiment.

Sources told CNBC-TV18 that the Centre would soften its stand on seeking surplus reserves of the RBI and the central bank would cede to the demand of relaxing some of its lending curbs.

The board has decided to solicit expressions of interest to assess the interest for a sale of its stake in IL&FS Securities Services and ISSL Settlement & Transaction Services.

Its larger rival Indigo had reported a net loss of Rs 652.13 crore in the September quarter compared to a profit of Rs 551.56 crore a year ago.

Jet Airways (India) said that the subject news is speculative in nature and that there is no discussion or decision in the Board which would require a disclosure.

A strong broader market drove the market capitalisation (m-cap) of the eight blue-chip firms, including ICICI Bank, HDFC and RIL, higher by Rs 1,69,865.11 crore for the week ended Friday.

In Mahajan's opinion a situation rift between government and the RBI should be avoided by the making them work together in their respective streams rather than going public with dissatisfaction or disagreements.

The government took control of IL&FS, a major infrastructure financing and development company, this month after it defaulted on some of its debt, triggering fears of contagion across India's financial system.

The minister said that the centre had cut diesel and petrol prices by Rs 2.50 some days back, following which many states also reduced it by a similar amount, thus giving a respite of Rs five to the people.

The Committee of Creditors have issued ArcelorMittal and its partner Japan's Nippon Steel & Sumitomo Metal Corp a Letter of Intent (LoI) declaring them as the "successful applicant".

Global markets reeled after US stocks plummeted on Wednesday as a sharp drop in tech shares and worries about corporate earnings and disappointing outlooks added fuel to the meltdown across the board.

The lender, however, said it has achieved its 18-month target of doubling the number of accounts to 16 million, courtesy the '8/11' offering which relied on the controversial biometric project.

The 18-member RBI board discussed the prompt corrective action (PCA) framework under which as many as 11 public sector banks are placed now.

According to the guidelines, inter-operability between mobile wallets and between bank accounts and e-wallets would be enabled through the Unified Payments Interface (UPI) system.

The Wholesale Price Index (WPI) based inflation stood at 4.53 per cent in August and 3.14 per cent in September last year.