Markets Live: M&M, Maruti Suzuki, Bajaj Auto, Bajaj Finance, ITC, Kotak Bank and Yes Bank were among the top gainers. Here are the latest updates from the markets

Benchmark indices BSE Sensex and NSE’s Nifty 50 gained over 1% on Friday as the global stock slump showed signs of easing. Asian stocks traded mixed with Japan marginally lower, China little changed and Hang Seng and Kospi indices trading higher. Oil prices steadied on Friday after a market rout driven by sharp falls in equity markets. The rupee rose against the dollar, tracking gains in local markets and Asian currencies, and ahead key inflation data due later in the day.
The government will release Consumer Price Index-based (CPI) inflation and Index of Industrial Production data today after 5.30pm. According to a Bloomberg poll, CPI will be at 4% for September month from 3.69% a month ago. IIP will be at 3.9% for August versus 6.6% last month.

2.47 pm IST
SOM Distilleries shares jump 10%
SOM Distilleries and Breweries Ltd shares jumped 10.5% to Rs 176.30 after the company said that it units Woodpecker Distilleries and Breweries Pvt Ltd has commenced production of IMFL from the Hassan facility.

2.30 pm IST
Oil prices pare gains, rebound to $81
Oil rose to $81 a barrel on Friday, rebounding after two days of declines, though prices pared gains after another closely watched forecaster deemed supply adequate and the outlook for demand weakening. Crude was still heading for its first weekly drop in five weeks, pressured by a big rise in U.S. inventories and fading concerns that looming U.S. sanctions on Iran will cut supplies significantly.
International benchmark Brent crude rose 76 cents to $81.02 a barrel by 0830 GMT, having dropped by 3.4 percent on Thursday. U.S. crude added 71 cents to $71.68. Brent is still on course for a 3.7 percent decline this week, the biggest weekly fall in about four months.

SOURCE: livemint.com