Sebi chief CB Bhave asked the stock markets to resume trading on Friday at regular time.
“We have asked the exchanges to be ready to start trading. We have kept our options open, we will take a final call later. No time has been fixed for the decision,” he added.
Mr. Bhave also said that the market regulator (SEBI) is monitoring the situation closely.
The NCDEX would also open today for trading.
The forex, money, bond and commodity exchanges have opened already.
The ongoing financial crisis would not impact the flow of foreign direct investment (FDI) in India. The country is still optimistic to attract more FDI due to strong fundamentals of Indian economy. The views were expressed by the Commerce and Industry Secretary, Ajay Shankar.
Public sector lender, Punjab National Bank has decided to lower the benchmark prime lending rates by 100 basis points on Wednesday. It is the second interest rate reduction by the bank in four weeks. Earlier, it had announced to cut the BPLR by 50 basis points on October 31. Now, industry and general public can get credit at low rates in the present credit struck environment. 
President and CEO of Aramco, Mr. Abdallah S. Jum'ah said that the speculations are the major reason for fluctuation in the oil prices and it would take some time for the price stability. Aramco is Saudi Arabia based largest company in the world in oil production and exploration.
Banks have agreed to extend financial help to small and medium enterprises (SME) and exporters in the wake of tight liquidity conditions, following the international credit crunch. The Indian Banks Association (IBA) discussed the problems of SMEs and hinted to increase the credit limit and ease loan repayment norms without any penalty. 
The chief executive of Citigroup, Vikram Pandit, has informed that the major reason behind the things going wrong at the company is the banking behemoth putting in lot of money in US real estate market. 
