Sensex finds grip, trades higher led by IT stocks

Indian fairness indices opened in inexperienced on Friday as Infosys, Wipro, and Tech Mahindra had been prime gainers.

At 9:40 a.m., Sensex was up 222 factors or 0.28 per cent at 77,700 and Nifty was up 71 factors or 0.30 per cent at 23,638.

Selling is being seen in banking shares. Nifty Bank is down by 109 factors or 0.21 per cent at 51,665. There is a bullish pattern in small and medium stocks. The Nifty midcap 100 index is at 55,728, up 252 factors or 0.48 per cent, and the Nifty smallcap 100 index is at 18,376, up 109 factors or 0.60 per cent.

Tech Mahindra, Infosys, TCS, HCL Tech, Wipro, Bharti Airtel, Bajaj Finserv, Titan and Power Grid are the highest gainers. Tata Steel, Tata Motors, HUL, Kotak Mahindra, HDFC Bank and Reliance are the highest losers.

Tokyo, Shanghai, Hong Kong and Seoul are within the purple. The markets of Bangkok and Jakarta are buying and selling with gainers. The US markets closed constructive on Thursday.

According to market specialists, “The market is in a consolidation part. There aren’t any main triggers for aggressive shopping for or promoting. Strong up strikes will appeal to revenue reserving.”

“Even when the market consolidates, main personal sector banking stocks have the potential to maneuver up additional. Large delivery-based shopping for is going on on this section,” they added.

(With inputs from IANS)