Indian market gained for the week on back on falling crude prices and strengthening rupee. Key indices Nifty gained 0.3%, Sensex up 0.4% Nifty Bank rose 0.3% for the week.
India's key equity indices oscillated in a thin range during the holiday-shortened week (November 5-9), ending with slight gains, as investors keep an eye out on a string of assembly polls lined up this month and the next.
Benchmark stock indices opened on a negative note following weak global cues after the US Federal Reserve left key interest rates on hold last night, but hinted a rate hike next month.
The Indian equity market broke its two-week losing streak with sharp gains as the Sensex reclaimed the 35,000-mark and Nifty50 shot over 5 per cent on a weekly basis during the October 29-November 2 period.
Indian power producer NTPC Ltd reported a marginal fall in September-quarter profit on Friday, missing estimates, as higher expenses weighed.
Sensex plunged over 297 points and the broader NSE Nifty slipped below the 10,100 mark in early trade as the November derivatives series took off on a weak note amid negative Asian cues.
CIL has offered an additional five million tonnes of coal to the country's largest power generator NTPC with tweaked terms in a bid to reduce pithead stock.
Hundreds of posters terming Priyanka Gandhi Vadra an "emotional blackmailer" were seen in Rae Bareli, the parliamentary constituency of her mother and UPA chairperson Sonia Gandhi.
The Finance Ministry is banking on merger and acquisitions among CPSEs and share buybacks by state-run companies to meet the Rs 80,000-crore disinvestment target for the current fiscal.
The government has asked Coal India Ltd and its subsidiaries to prioritise coal supply to state power producers like NTPC, leaving private electricity plants in a lurch, multiple sources said.