Asian share markets recovered on Friday as global markets recovered overnight after lacklustre U.S. data eased concerns about an early end to the Federal Reserve’s strong stimulus programme, which has sharpened investor appetite for risk.

BSE Sensex lost over a percent ahead of the fourth quarter GDP data announcement today at 11 am. Indian shares turned volatile on the first day of the new derivatives expiry Key equity benchmarks lost over a percent ahead of the fourth quarter GDP data announcement today at 11 am. Indian shares turned volatile on the first day of the new derivatives expiry.

At 09.56 hrs IST, the Sensex was down 240.17 points or 1.19% at 19975.23, and the Nifty was down 77.15 points or 1.26% at 6046.90. The breadth of the market was also negative. About 496 shares advanced, 748 shares declined, and 76 shares were unchanged.

Key gainers in the Nifty were Jaiprakash Associates (Rs 67.95, 1.65%), Sesa Goa (Rs 159.80, 1.36%), GAIL (Rs 324.65, 1.31%), Tata Power (Rs 91.30, 1.28%) and NMDC (Rs 120.45, 1.01%). Laggards included ITC (Rs 343.35, 3.09%), Mahindra and Mahindra (Rs 974.00, 3.05%), HDFC Bank (Rs 708.10, 2.35%), Kotak Mahindra Bank (Rs 783.00, 2.11%) and ACC (Rs 1,219.00, 2.01%)

GLOBAL MARKETS ROUNDUP

The dollar hovered near a three-week low against the euro on Friday after unexpectedly weak U.S. economic data dampened expectations the Fed will cut its monetary stimulus soon.

Crude oil futures ended mixed on Thursday, with Brent falling on a weak global economic outlook and U.S. crude lifted by optimism about the Fed’s stimulus programme. U.S. Treasuries traded nearly unchanged on Thursday as investors waited for clues about future moves by the Fed.

    LOCAL MARKETS PREVIOUS CLOSE
* BSE index 20,215.40 (0.34 pct)
* NSE index 6,124.05 (0.32 pct)
* Rupee 56.38/39 per dollar (56.17/18)
* 10-year bond yield 7.44 pct (7.39 pct)
* 5-year OIS rate 6.90 pct (6.87 pct)
* 1-year OIS rate 7.17 pct (7.13 pct)
* Call money 6.70/6.80 pct (7.25/7.30 pct)

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