Reversing a trend from four days of losses, the equity benchmark indices opened on a positive note on Friday, tracking global markets as policymakers around the world took further took actions, in a move to try economic impact from the virus pandemic.
The Sensex rose 172 points to 28,460 and Nifty rose 21 points to 8,284. Around about 491 shares have advanced, 285 shares declined, and 29 shares are unchanged.
The Indian rupee has opened 22 paise higher against the US dollar.
The Covid-19 infection cases have risen drastically outside China, hurting major economies and disrupting supply chains. There are currently 245,651 confirmed cases and 10,050 deaths from the coronavirus outbreak. Of these, 88,437 have recovered globally. The number of infected cases in India has increased to 194. The death toll from coronavirus in India has risen to 4 till Thursday.
Biocon gained 3.5% after the company received the establishment inspection report (EIR) from the USFDA for the post-approval and GMP inspection of its small molecules API manufacturing facility at Biocon Campus, Bengaluru.
GAIL, Power Grid, ITC and Zee among top gainers, while HDFC Bank, ICICI Bank, IndusInd Bank and Bajaj Finance among top dragger.
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