24.09.201000:24:00UTC+00Indian Shares To Likely To Move Further Down On Weak Us And Europe Economic Data

News:

• Indian shares on Friday will possibly move further down, following in line with dull performance of the region, on weak US and Europe economic data raising concerns over economic recovery of world's developed nations.
• Reliance Industries will be in the limelight after Business Standard newspaper reported the Reliance and the Oberoi family seek to buy unsubscribed portion of the East India Hotels in a 13-bln-rupee rights issue.
• State-run explorer Oil and Natural Gas Corp will be closely watched after it announced two exploration discoveries have been notified to Directorate General of Hydrocarbons, on Thursday.
• Top mobile operator Bharti Airtel will also be in focus as its Malawi unit rolled out its 3G network on Thursday, attempting to aim for further expansion in fast-growing Africa.
• The MSCI's measure of Asian markets other than Japan stood little changed at 0254 GMT, while Japan's Nikkei slipped 1.3 pct.
• The Nifty India stock futures in Singapore held firm after the 30-share BSE index slipped 0.4 pct to 19,861.01 points on Thursday.