Stock Market LIVE Updates: IThe Indian indices, after a day of major gains yesterday, have started Friday’s trade on a cautious note. The Nifty 50 index opened at 25,064.65, behind its all-time high by 1,582.9 points.
The Sensex also opened below its previous closing, at 82,392.63. Watch this space for all the live updates.
The Sensex also opened below its previous closing, at 82,392.63.
Indian equities are set for further gains after a strong weekly options expiry session on Thursday. The GIFT Nifty, an early indicator of how India’s benchmark indices are likely to begin trading, is pointing towards another 100-point gap-up. This means that the Nifty 50, at the current rate, will see an opening around the 25,150 mark. Thursday’s trading session was divided into two halves. While the index consolidated, tested lower levels in the first half, but had a sharp reversal from the lows during the second half of the day. The Nifty not only crossed the 25,000 mark for the first time after October last year and briefly even tested 25,100 mark. Plenty of stocks will be in focus today, including IndusInd Bank, Bharti Airtel on account of a block deal, earnings reactions from stocks like Balrampur Chini, Neuland Laboratories, Abbott India, among other names. Stocks like Hyundai Motor India, the largest Indian IPO, along with BHEL, Delhivery and others will also be reporting results today. Watch this space for all the live updates.