Among sectors, banks, automobiles, energy, infra, metals and pharmaceuticals are in the green, while technology names are trading in the red.
Rupee Update | The rupee is trading strong and is trading around 73.10 per US dollar.
Market opens: It’s a gap-up opening on indices, with the Nifty surging past 10,450, while the Sensex is higher by over 260 points.
The Sensex is up 260.74 points or 0.76% at 34692.71, while the Nifty is higher by 83.60 points or 0.81% at 10464.10. The market breadth is positive as 438 shares advanced, against a decline of 83 shares, while 17 shares were unchanged.
Among sectors, banks, automobiles, energy, infra, metals and pharmaceuticals are in the green, while technology names are trading in the red. The Nifty Midcap index is higher by a percent.
Market at pre-open: Equity benchmarks have opened higher in pre-opening, with the Nifty near 10,500.
At 09:02 hrs IST, the Sensex is up 261.35 points or 0.76% at 34693.32, and the Nifty is up 116.70 points or 1.12% at 10497.20.
Falling crude oil prices is likely to keep oil marketing companies in focus. The rupee has opened higher by 35 paise at 73.10 per US dollar.
Gold Update: Gold prices were steady in early Asian trade on Friday, after rising about 1.5 percent in the previous session, while the dollar inched up ahead of the US payrolls data due later in the day.
Crude Update: Oil prices dipped on Friday as record crude output by the world’s top-three producers offset supply concerns from the start of US sanctions next week against Iran’s petroleum exports.
Asian markets trade higher: Asian equity markets rose on Friday as China and the United States expressed optimism about resolving their bruising trade war, though a warning from tech giant Apple Inc on holiday sales amid emerging market weakness could weigh on technology shares.
SGX Nifty: Trends on SGX Nifty indicate a positive opening for the broader index in India, a gain of 77 points or 74 percent. Nifty futures were trading around 11,492-level on the Singaporean Exchange.
US markets close higher: US stocks rose for a third straight session on Thursday as President Donald Trump said trade talks with China were “moving along nicely,” reviving hopes that the two countries can resolve their trade dispute.
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