Tata Motors gained more than a percent after promoter Tata Sons bought additional 88.49 lakh shares via open market in company on February 26.
Tata Sons has bought 5.77 crore shares (1.97 percent of total paid-up equity) since August, 2018.
Nifty50 Gainers and Losers
SBI Life Insurance block deal:
SBI Life Insurance plunged more than 10 percent in early trade after about 8.85 crore chares worth Rs 4,576 crore traded on BSE at an average of Rs 518.5 per share through block deals.
Market Opening:
Benchmark indices started off last day of the week on a strong note after three-day fall. Likely de-escalation between India and Pakistan after Pakistan Prime Minister announced that his country will release captured IAF Wing Commander lifted sentiment.
The 30-share BSE Sensex rallied 223.53 points to 36,090.97 and the Nifty50 rose 63.80 points to 10,856.30 on first day of March series.
Rupee Opening:
Escorts Sales Strong
Tractor maker Escorts said its agri machinery segment (EAM) in February 2019 sold 7,240 tractors registering a growth of 12 percent against 6,462 tractors sold in February 2018.
Domestic tractor sales in February 2019 at 6,918 tractors increased 9.9 percent against 6,295 tractors in February 2018. Export grew by 92.8 percent to 322 tractors against 167 tractors sold in February 2018.
The Indian rupee has opened marginally lower at 70.74 against the US dollar, against Thursday's close of 70.72 a dollar.
Market Pre-Opening
Benchmark indices were higher in pre-opening trade. The Sensex gained 76.79 points at 35,944.23 and the Nifty rose 52.50 points to 10,845.
DHFL plunged 10 percent after ICRA has withdrawn its rating and CRISIL downgraded rating.
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