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From the Sensex pack, Tata Steel, Power Grid, L&T, Axis Bank, and M&M opened with gains, while Nestle, HUL, Bajaj Finance, and HCL Tech opened with cuts.

The resignations come following the Enforcement Directorate (ED) raids at the offices of Brightcom Group, as well as at the residences of Reddy and Raju in Hyderabad. The searches were conducted as part of the investigation conducted by the Securities and Exchange Board of India (Sebi) regarding the impairment of assets worth Rs 868 crore by the company through its international subsidiaries.

It’s a scenario — evident in part through split futures positioning — that gives the Fed chair and his colleagues leeway to quickly adjust policy in the coming months as economic data unfolds, without having to fret about potentially roiling the world’s biggest fixed-income market.

Indian frontline indices S&P BSE Sensex and Nifty50 ended down on Friday amid broad-based selling including profit booking seen in banks, auto, IT and FMCG stocks. The S&P BSE Sensex ended at 64,886.51, down 365.83 points or 0.56% while the broader Nifty50 settled at 19,265.80, lower by 120.90 points or 0.62%. The banking gauge Nifty Bank finished 264.75 points or 0.59% lower at 44,231.45.

In an eagerly awaited speech at the annual Jackson Hole Economic Policy Symposium, Federal Reserve Chair Powell promised to move with care at upcoming meetings as he noted both progress made on easing price pressures as well as risks from the surprising strength of the U.S. economy.

Spot gold was little changed at $1,915.79 per ounce by 0105 GMT, U.S. gold futures gained 0.2% to $1,943.60 as investors awaited key economic data including the U.S. non-farm payroll report on Friday.

It has also formed higher highs and higher lows patterns, and it is trading above all important moving averages. The structure of the counter becomes so lucrative for long-term investors.

The move comes after the company said in a filing on Friday that it had "fulfilled the resumption guidance" set out by the bourse, including belatedly publishing its financial results and complying with other listing rules.

Shares rose across the board, led by securities brokers rallying about 7%. Other sectors, including real estate, insurance, new energy and construction engineering, jumped between 3.5% and 5%.

The recovery rate is considered good given that these loans were overdue by around 60 days. "The recovery was good as the loan accounts were tagged in stage 2 and chances of recovery are strong," said a source. Non-banking finance companies (NBFCs) categorise loans as stage 2 if the overdue period is between 30 and 60 days. Classification of borrower accounts occurs during the day-end process for the specified date.