Key Points
BENGALURU, Oct 27 (Reuters) - India's blue-chip stocks rose on Friday after logging losses for the past six sessions, after U.S. treasury yields retreated following weaker-than-expected inflation data, easing some rate-related worries...
"The correction in stock prices of small- and mid-caps over the last week is still puny compared to the rally over past six to seven months," said analysts at Kotak Institutional Equities, adding "large-caps offered between risk-reward balance in comparison"...
Elevated U.S. yields, which triggered foreign selling, and the Middle East conflict had weighed on Indian equities over the last two weeks...
"Valuation adjustment is underway in Indian shares, prompted by foreign selling," said Anita Gandhi, director and head at Arihant Capital, terming the correction "healthy after the sharp uptick."..
Rice exporters like Chaman Lal Setia, LT Foods, KRBL gained between 2% and 4%, after Reuters reported that government cut the floor price for basmati rice exports to $950 per metric ton from $1,200...
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