Market Update: Index Moves Between Gains And Loss

Stock market

Share market benchmarks were moving between gains and losses during mid-morning session on Friday.  At 10.40am, the Sensex was up by 46 points at 37605-level, while Nifty at 11308 mark, up 6 points.  In the opening trade, Sensex gained over 130 points and later pared the gains.

Among Nifty stocks, major gainers were Zee Entertainment, Indiabulls Housing Finance, Tta Motors, Britannia and Adani Ports,  whereas HCL Tech, BPCL, Bharti Infratel, Bajaj Finance and IOC.

Nifty bank, Nifty Financial Service, PSU Bank, Media, metal and Realty   witness buying, while Auto, FMCG, IT and Pharma see selling pressure

Shares of Voltas fell 2% after company’s net profit declined 2% to Rs.141.74-cr in Q4, while SBI shares move higher ahead of its earnings release.

Shares of HCL Tech slipped near 5% after the IT major reported PAT decline of 1.6 pc to Rs.2,568 cr, on Q-o-Q basis

Crude Oil prices rose on Friday amid fears on tariff war, while Indian currency opened lower by 11ps at 70.05 per USD.

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