Most Asian stock markets edged higher on Friday, keeping a wary eye on volatile Chinese shares, while currency traders went on the defensive after a wild see-saw week and mixed US economic data, bidding up the safe-haven yen.
The meltdown on bourses on Monday left investors on the Bombay Stock Exchange poorer by over Rs two lakh-crore -- with nearly half of the losses being incurred by shareholders in the 30 blue-chip stocks.
Government ruled out any
surreptitious entry of terrorist outfits into the stock market
and said sufficient caution have been administered to the
stock exchanges to look out for any suspicious entry into
The Bombay Stock Exchange benchmark index Sensex surged by over 257 points in early trade on Monday, on fresh capital inflows by foreign funds, triggered by firming trends in Asian markets amid better-than-expected US jobs data.
As many as eight firms among the country`s top 10 companies lost Rs 35,020.77 crore from their market capitalisation in the past week, while Reliance Industries and NMDC saw their valuations rising significantly.
Below the normal rainfall so far this
year has halted a strong bull run on the bourses pulling down
the key indices Sensex and Nifty by more than three percent
amid a sudden pullout by foreign institutional investors.
The Indian rupee on Thursday plunged by 14
paise against the US currency in opening trade as stock
markets are expected to open on a weak note in line with other
Asian bourses amid some dollar demand from importers.