IIP offers some hope: 10 things you need to know before market opens
Everything you need to know before the market opens.
US stocks slipped on Thursday, ending seven straight days of gains by the S&P 500 index as a drop in precious metal prices dragged mining shares lower. (Reuters)
Asian shares slipped on Friday and the dollar held to overnight losses against the yen as investors fretted not whether but by how much the U.S. Federal Reserve will cut its monthly stimulus at next week's monetary meeting. (Reuters)
The dollar was steady at 99.67 yen after falling to a one-week low of 99.00 yen overnight. Against a basket of major currencies, the greenback also held steady, not far from a two-week trough touched on Thursday. (Reuters)
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Brent crude added 0.2 percent to just below $113 a barrel on Friday. (Reuters)
More from InvestingGold edged up on Friday after plunging more than 3 percent in the previous session, but remained on track for its worst week in two months on fears the United States would curb its stimulus soon and as a US strike on Syria looked less likely. (Reuters)
Stocks in news
Jaypee Associates will continue to be in focus after the stock fell about about 12 percent yesterday on news that it sold its Gujarat cement units at lower-than-earlier value.
Adani Power and Tata Power, after news that CERC has sought clarity from power distribution companies on their stand on the Deepak Parekh Committee recommendations.
Indian Hotels, after Richard Bickson indicated that now is not a time to acquire Orient Express.
IT stocks, on the rupee's movement against the dollar.
Economy news
The country's industrial production unexpectedly rebounded in July while consumer inflation cooled last month, offering some relief for policymakers who have been battling the country's worst economic crisis in more than 20 years. (Reuters)
