Business

Moody's further said Reserve Bank will likely maintain its accommodative stance over the outlook horizon, supporting the operating environment for banks.

About 1162 shares advanced, 1533 shares declined, and 122 shares were unchanged.

In the overseas market, the dollar was trading lower against the yen on Friday, weighed down by the Bank of Japan's decision to stand pat on its monetary stimulus.

"This is part of our continuous efforts to drive efficiencies in our supply chain and to serve customers faster and better," a spokesman said.

Dollar fell against a basket of major currencies on lower US bond yields and a drop in US new home sales in September that revived concerns about the economy.

A weakness in the US dollar against major world currencies in the global market, however, limited the rupee fall, dealers said.

The Central Board of Direct Taxes (CBDT), the apex policy-making body of the I-T department, has recently issued orders to all tax offices to check any "discrepancies" in the financial statements filed and actual operations conducted by these companies af...

Retail inflation in pulses and products category rose to 29.76 per cent in September.

About 1302 shares advanced, 1440 shares declined and 125 shares were unchanged.

The raids were conducted in the bank's Ashok Vihar branch in Delhi on Saturday over fake imports.

The IMF official, however, noted that some external factors such as decline in commodity prices have been favourable for commodity-importing countries like India.

The one-time 90-day compliance window provided to holders of undeclared foreign assets ended September 30.

Forex dealers said besides a higher opening in domestic equity market, the dollar's weakness against other currencies overseas, supported the rupee.

The market breadth was positive as about 1435 shares advanced against 1241 shares declined on the Bombay Stock Exchange.

Vedanta, Hindalco, Coal India, Tata Motors and L&T were major laggards.