LIVE MARKET UPDATE

Friday 18 October 2013

STRATEGY OF INTRADAY STOCK MARKET TIPS

India's BSE benchmark index is up 0.7 percent, while the broader NSE index gains 0.67 percent. Gains are led by defensive sectors such as drugmakers and consumer good stocks as investors brace for a period of uncertainty ahead of the RBI's policy review at the end of the month. The RBI is largely expected to raise the repo rate by 25 basis points, its second consecutive monthly hike. Lupin Ltd gains 1.3 percent, while Sun Pharmaceutical Industries Ltd is up 0.8 percent.
Asian shares rose to a five-month high on Friday as investors took heart from quickening growth in China a day after the United States sealed an 11th hour deal to break a confidence-sapping government shutdown. The dollar nursed losses near an eight-month low against a basket of currencies on Friday as traders focused on the economic impact of an acrimonious showdown in Washington that dragged the U.S. to the brink of a debt default. U.S. oil prices set.

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