It’s a good start to the market on Friday morning as the Nifty surpassed 11,000 in the opening trade. The Sensex is higher by over 150 points.
Sectors such as banks, FMCG, and auto are gaining big, while the Nifty IT index is down over a percent. The midcap index is also moving in tandem with the benchmarks, with Nifty Midcap gaining almost half a percent.
The Sensex is up 163 points or 0.4% at 36487.1, while the Nifty is higher by 49.5 points or 0.4% at 11027. The market breadth is narrow as 506 shares advanced, against a decline of 309 shares, while 46 shares were unchanged.
HDFC, Tata Motors, and GAIL are the big gainers, while Infosys, TCS, and Tech Mahindra have lost the most.
The Indian rupee gained in the early trade on Friday. It has opened higher by 10 paise at 72.49 per dollar versus previous close 72.59 yesterday.
Yesterday it ended flat versus Wednesday’s close of 72.61 per dollar.>