Stock Market Opening Bell: Indian equity benchmarks moved higher on Friday after a muted start, supported by improved global sentiment following signs of easing geopolitical tension in the Middle East and early indications of a potential trade agreement between the US and India.
At 9:25 am, the BSE Sensex climbed 148 points, or 0.18 per cent, to 82,320, while the NSE Nifty50 advanced 40 points, or 0.16 per cent, to 25,221.
Broader markets were also trading firm, with the Nifty Midcap 100 index up 0.18 per cent and the Nifty Smallcap 100 rising 0.28 per cent.
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Among sectors, Nifty Metal was the top laggard, slipping 1.4 per cent, dragged by weakness in Tata Steel and Hindalco. Auto, Pharma, and Healthcare indices were also under pressure. On the other hand, buying was visible in Banking, Energy, FMCG, IT, Consumer Durables, Oil & Gas, and Realty counters.
Within the Sensex pack, Power Grid, State Bank of India, NTPC, Adani Ports, and Asian Paints were the top gainers. Tata Steel, TCS, Bajaj Finance, Mahindra & Mahindra, and HCL Tech were among the key laggards.
Earnings in focus:
Q2 results are due from Elecon Engineering Company, Indosolar, Waaree Renewable Technologies, Yash Highvoltage, GK Energy, Hathway Bhawani Cabletel & Datacom, AAA Technologies, Affordable Robotic & Automation, Evoq Remedies, Intense Technologies, Oswal Overseas, and Pro Fin Capital Services.
Post-earnings, stocks of TCS, Tata Elxsi, and 5Paisa Capital are likely to remain in focus after announcing results on Thursday.
IPO updates:
In the mainboard segment, the Canara HSBC Life Insurance IPO opens for subscription today. WeWork India Management will make its market debut, while the basis of allotment for LG Electronics India will be finalised.
In the SME space, SK Minerals & Additives and Sihora Industries open for subscription, and NSB BPO Solutions lists on the bourses.
