INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Frontline indices Sensex and Nifty opened with tepid gains on Friday ahead of release of fourth-quarter corporate earnings of
heavyweights TCS and Infosys
The market remained cautious, mirroring Thursday's trade, as investors await the corporate earnings and key macroeconomic numbers - IIP
data for February and retail inflation prints for March - scheduled for today, to get a direction
Lacklustre Asian peers kept the mood sombre while rupee's fall against the US dollar further weighed on sentiment
The domestic currency fell up to 30 paise against the dollar in early trade
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, Reuters reported.
Gains in shares of
Reliance Industries, Infosys, TCS, Asian Paints and Axis Bank kept the market in the green
Around 9:25 am, the BSE Sensex was 57 points, or 0.15 per cent, up at 38,664, while Nifty was 18 points, or 0.15 per cent, up at 11,614
Midcaps and smallcaps rose in sync with the benchmark Sensex as the BSE Midcap and Smallcap indices were 0.22 per cent and 0.14 per cent
up, respectively, at that time
In the 31-share Sensex pack (including Tata Motors DVR), 20 were trading with gains and 11 were incurring losses
HDFC, Larsen Toubro, State Bank of India, Tata Motors and Bajaj Auto were among the top losers in the Sensex kitty.
Capital Goods was the
loser among sectoral indices on BSE
Losses in shares of Larsen Toubro, Havells, SKF India and Graphite India dragged the index lower
Meanwhile, foreign portfolio investors (FPIs) bought Rs 467 crore worth of domestic stocks on Thursday, data available with NSE suggested
DIIs were net sellers to the tune of Rs 16.58 crore, data suggested.
