Nifty Trades Above 11680-Mark; Tata Steel, IOC Up

Key benchmark indices –Sensex, Nifty–were trading up on Friday, tracking mixed trend with the Asian markets.

Indian rupee opened Friday at Rs70.13, up 12ps against US dollar. Crude Oil prices continue volatile on Thursday, touching an intra-day high of USD75pbl. The prices slipped during early hours on Friday on hopes of higher supply by OPEC. Brent crude futures touched at USD74.00 per barrel from their last close.

At around 10.00am, the BSE Sensex gaining 115-pts at 38,846 levels. The NSE Nifty was trading 44.3-pts higher at 11,685 levels.

Tata Steel, BhartiInfratel, IndianOil, Cipla and BharatPetroleum were major Nifty50 contributors, whereas Tata Motors, MarutiSuzuki, HeroMotoCorp, GRAsim and IndusInd Bank were among major losers.

All the sectoral indices on the NSE, except Nifty Auto (-1.09pc) and Nifty Realty (-0.08pc), were trading in the green.

Shares of Tata Steel gained 5.14pc at this time after the company announced strong Q4FY19 results.

Shares of Axis Bank climbed 1.69pc after the banks Net profit for the quarter came at Rs1,505cr.

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