Market Opens: Benchmark indices opened flat with positive bias on Friday with Nifty above 11,600 mark.
At 09:17 hrs IST, the Sensex is up 58.09 points or 0.15% at 38665.10, while Nifty is up 20 points or 0.17% at 11616.70. About 452 shares have advanced, 303 shares declined, and 31 shares are unchanged.
IOC, TCS, Infosys, ONGC, HPCL, BPCL, Tata Steel, RIL, Wipro, Power Grid, Cipla, Bajaj Finance are among major gainers, while losers are HCL Tech, Tata Motors, HDFC, Dr. Reddy's Lab, Adani Ports and Yes Bank.
All the sectoral indices are trading in green. Midcap and smallcap indices are trading with marginal gains.
Rupee Opens: The Indian rupee opened lower by 12 paise at 69.04 per dollar on Friday versus previous close 68.92.
Crude Update: Oil prices were firm on Friday, supported by ongoing supply cuts led by producer club OPEC and by US sanctions on petroleum exporters Iran and Venezuela.
Wall Street ends lower: Healthcare stocks pulled Wall Street lower on Thursday as growing fears of a global economic slowdown countered upbeat economic data and investors waited for earnings season to kick into high gear.
Asian markets trade lower: Asian shares were flat and US Treasury yields pulled back on Friday as investor caution prevailed ahead of the release of first-quarter corporate earnings, although stronger US economic data helped offset some concerns about global growth.
SGX Nifty: Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 33 points or 0.28 percent. Nifty futures were trading around 11,643-level on the Singaporean Exchange.
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