Coal minister denies plan to split Coal India, sees no value
BHUBANESWAR, India Power and coal minister Piyush Goyal said on Friday there was no value in splitting up India's biggest coal producer Coal India Ltd and denied any plans to break it up.
Reuters Market Eye - The rupee falls to 51.57/58, after hitting an intraday high at 51.32, on outflows related to a stock stake sale, several dealers say. The pair closed at 51.74/75 on Thursday.
Several dealers cite USD outflows related to Carlyle Group's estimated $841 million stake sale in mortgage lender HDFC(HDFC.NS).
State-run bank dealer tips 51.35-51.75 range for the rest of the session; expects oil bids.
MUMBAI National Stock Exchange stunned investors on Friday when its chief executive Chitra Ramkrishna quit for "personal reasons", only weeks before the country's biggest bourse is due to kick off its own initial public offering.
U.S. stocks ended little changed on Friday after a payrolls report did little to recast expectations for an interest rate hike from the Federal Reserve this month and bank stocks cooled to round out their fourth straight week of gains.