At 9:15 AM, the S&P BSE Sensex is trading at 27,892 up 56 points, while NSE Nifty is trading at 8,614 up 22 points.
The rupee opened marginally higher by two paise at 67.02/$ against US Dollar Friday as against the previous close of 67.04/$.
Asian markets opened lower on Friday. Nikkei 225 is trading in red, while Shanghai Composite and Hong Kong's Hang Seng are trading higher.
Investors world over will hope to hear some clear thoughts from US Federal Reserve Chairman Janet Yellen at the Jackson Hole Symposium today. Yellen could use this opportunity to signal the direction of monetary policy as she speaks on “The Federal Reserve’s Monetary Policy Toolkit.” If the jobs data for August is strong, chances are a hike may happen.
Wall Street closed lower on Thursday. The Dow Jones industrial average fell 0.18%, to close at 18,448.41 points. The S&P 500 dropped 0.14% and the Nasdaq slipped 0.11%.
Oil prices were relatively flat during Asian trade on Friday. US crude traded at USD 47.34, similar to its last closing level, while global benchmark Brent was a touch lower, down 0.04 percent at USD 49.65 a barrel.
RBI has proposed a major overhaul in the way large companies borrow. In separate decisions, the central bank made it costlier for large companies to borrow more than a certain amount from banks even as it took steps to increase liquidity and participation in the corporate bond market.
The rupee opened marginally higher by two paise at 67.02/$ against US Dollar Friday as against the previous close of 67.04/$.
Asian markets opened lower on Friday. Nikkei 225 is trading in red, while Shanghai Composite and Hong Kong's Hang Seng are trading higher.
Investors world over will hope to hear some clear thoughts from US Federal Reserve Chairman Janet Yellen at the Jackson Hole Symposium today. Yellen could use this opportunity to signal the direction of monetary policy as she speaks on “The Federal Reserve’s Monetary Policy Toolkit.” If the jobs data for August is strong, chances are a hike may happen.
Wall Street closed lower on Thursday. The Dow Jones industrial average fell 0.18%, to close at 18,448.41 points. The S&P 500 dropped 0.14% and the Nasdaq slipped 0.11%.
Oil prices were relatively flat during Asian trade on Friday. US crude traded at USD 47.34, similar to its last closing level, while global benchmark Brent was a touch lower, down 0.04 percent at USD 49.65 a barrel.
RBI has proposed a major overhaul in the way large companies borrow. In separate decisions, the central bank made it costlier for large companies to borrow more than a certain amount from banks even as it took steps to increase liquidity and participation in the corporate bond market.
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