|Published : 14 Oct 2016, 14:25:20|
Indian shares marginally higher
Indian shares traded marginally higher on Friday, with financials leading the gains on prospects of further rate cuts after inflation cooled to a 13-month low in September.
The shares recovered from the previous session's multi-month lows.
However, gains were limited as Infosys shares tumbled as much as 5.3 per cent to their lowest since July 20, 2015.
Banking shares rose, with the Nifty PSU bank index gaining as much as 1.5 per cent. State Bank of India was up 1.0 per cent, while Punjab National Bank gained 1.45 per cent.
The benchmark BSE index was 0.1 per cent higher at 27,672.31 as of 0634 GMT after declining as much as 0.34 per cent earlier in the day. For the week, the index was down 1.4 per cent.
The broader NSE index was up 0.03 per cent at 8,575.75 after falling as much as 0.27 per cent earlier in the session.
Among other gainers, Tata Consultancy Services rose as much as 2.4 per cent, according to a news agency report.