Sensex gains 200 pts, Nifty crosses 11,400; rupee at 7-month high
It is a strong start for the Indian indices on the last day of the week with Nifty around 11,400 level.
The Sensex is up 165.79 points at 37920.68, while Nifty is up 51.10 points at 11394.40. About 528 shares have advanced, 171 shares declined, and 33 shares are unchanged.
Tech Mahindra, Indiabulls Housing, Gail, Eicher Motors, Dr. Reddy's Lab, Kotak Mahindra, JSW Steel are the gainers on the indices, while losers led by Coal India, Bajaj Auro, and UltraTEch Cement.
Among the sectors, auto, IT, energy, bank, infra, and pharma indices are witnessing buying, while FMCG and metal stocks are under pressure. Benchmark indices are flat with positive bias in the pre-opening trade.
The Sensex is up 136.69 points at 37891.58, while Nifty is up 35.90 points at 11379.20.
Jubilant Foodworks, Jet Airways and Reliance Industries are trading marginally higher in the pre-opening session. Oil prices were steady on Friday, supported as production cuts led by OPEC and US sanctions against Venezuela and Iran likely created a slight deficit in global supply in the first quarter of 2019. The S&P 500 slipped on Thursday, snapping a three-day streak of gains, as uncertainty over when a trade deal between the United States and China would be reached left investors on edge Trends on SGX Nifty indicate a flat opening for the broader indices in India, a fall of 2 points or 0.02 percent. Nifty futures were trading around 11,383-level on the Singaporean Exchange.
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