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RCom held 100% stake in GIDC through another subsidiary Reliance Webstore Limited (RWSL). In August 2016, RCom and Reliance Infratel Limited had taken loans Rs 565 crore and Rs 635 crore respectively from the State Bank of India. In September that year, the telco pledged 100% of its shareholding in GIDC to the bank against the loan.

The dollar index, which measures the unit against other major currencies, dropped nearly 1% to 107.10 until the time of writing this article. The falling gauge added strength to other emerging market currencies with the local unit gaining 1.22% against the dollar.

Such a person would have to comply with the conditions of registration and such other requirements specified by the regulator from time to time. The move will also enhance the confidence among investors, particularly non-institutional investors, as the platforms would be provided by Sebi-regulated intermediaries.

The benchmark 10-year bond yield ended at 7.3069%, its lowest since Sept. 27, after ending at 7.3462% on Thursday. The yield has tumbled 16 basis points (bps) this week, its biggest such move since the week ended

The majority of the brokerage firms remain positive about the company citing its strong order book and growth prospects. However, a few remain concerned about the company citing high competition and high customer concentration.

The data made it highly likely that the Fed will deliver a smaller sized rate hike at its next meeting. Fed futures now assign a near 85% probability that the U.S. central bank will raise rates by 50 bps in December, as against the 75 bps it opted for in the last four meetings.

Among Sensex stocks, HDFC, HDFC Bank, Infosys, Tech Mahindra, HCL Tech, TCS and Wipro were the top gainers in today’s trading session, rising around 3-5.5%.

The Nifty Realty index closed 1.67 per cent up at 448.25.

As investors are now hoping for a less fearful Fed, Dalal Street veteran and star fund manager Nilesh Shah compared the situation with a movie.

“I will just see how the Rupee strengthening pans out and then take a call. Probably there is an opportunity for the Reserve Bank of India to come and sponge out the excess dollars in the market and the sentiment has improved quite substantially within this. So there is a possibility of some accumulation of reserves.”