Indian Market:
Profit booking stepped in on Friday after a rally of 119 points on previous day - the benchmark Nifty closed below the 6100 level. The sell-off in metal, FMCG, capital goods, realty, auto and select private financial companies.
30-share BSE Sensex closed at 20,165.86, down 94.72 points or 0.47% and the 50-share NSE Nifty fell 35.45 points or 0.58% to settle at 6,066.05. Even the Nifty October futures' premium trimmed down to 20 points from 33 points and the Nifty November futures ended at 46 points premium, as per provisional data.
India's Supreme Court stayed an order by the Telecom Disputes Settlement and Appellate Tribunal asking mobile phone companies to pay 5 percent of revenue shared with the government as a charge for using wireless spectrum.
Global Cues:
Most Asian stock markets rose Friday, but their gains were modest as investors stayed on the sidelines ahead of the outcome of a two-day G-20 summit of major economies. The key benchmark indices in Indonesia, Japan, South Korea and Taiwan rose by between 0.15% to 0.87%.
European stocks fell, dragging the Stoxx Europe 600 Index from a six-month high, as investors speculated that additional stimulus measures by central banks will fail to sustain the pace of the economic recovery.
Singapore Exchange Ltd. (SGX) is in talks to combine with ASX Ltd., which runs the Australian stock exchange
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