Equity benchmark indices opened flat tracking weak global cues on Friday. However, the market is currently trading higher, the rally is led by HDFC Bank, ITC, Infosys and HDFC Ltd.
The Sensex is up 129 points at 40,258, while the Nifty50 is also up 31 points at 11,909. About 1,008 shares have advanced, 508 shares declined, and 576. On the sectoral front, buying is seen in the pharma, IT, media and FMCG stocks.
Zee Entertainment, Bharti Infratel, and IndusInd Bank are among major gainers on the Indices, while losers include IOC, Airtel and Yes Bank.
On the economy front, official data showed on Thursday that the output of core infrastructure industries fell by 5.2% in September, as against an expansion of 4.3% in the corresponding period a year ago. Read more
Further, India's fiscal deficit reached nearly 93% of the budget estimate at Rs6.52 trillion at the end of September in the current financial year, as per the government data.
Yes Bank and Dr Reddy's Laboratories are due to release their earnings today. Both stocks are trading lower on the NSE.
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