Gains in banking and FMCG spaces were offset by losses in auto and pharma sectorsDomestic stock markets started Friday's session on a higher note amid volatile trade.
The S-P BSE Sensex index rose as much as135.43 points to touch39,155.82 in the first hour of trade, but soon declined247.07 points from there to hit 38,994.54 on the downside.
The broader NSE Nifty benchmark index moved in a range of 78.7 points, touching 11,646.90 and 11,568.20 at the day's strongest and weakest levels respectively.
Gains inbanking and consumer goods spaces were offset by losses in automobile and pharmaceutical sectors.Analysts awaited State Bank of India (SBI) to report its financial results for the second quarter of current financial year later in the day.On Thursday, the domestic stock marketshad finished a lacklustre session with mild losses, with the S-P BSE Sensex index ending38.44 points - or 0.10 per cent - lower at39,020.39 and the broader NSE Nifty benchmark settlingat11,582.60, down 21.50 points - or 0.19 per cent - from its previous close.ITC Shares Jump Over 3%ITC shares climbed as much as 3.37 per cent to Rs 257.35 apiece on the BSE, a day after the company reported a 37.01 per cent jump in its net profit to Rs 4,174.69 crore in the quarter ended September 30.At 10:05 am, ITC shares traded 2.01 per cent higher at Rs 253.95 apiece, outperforming the benchmark Sensex index which was flat at 39,025.35.Sensex Up 131 Points, Nifty At 11,596; Infosys, ITC, SBI Top GainersAt 9:35 am, the Sensex traded 130.72 points - or 0.34 per cent - higher at 39,151.11 while the Nifty was up 13.40 points - or 0.12 per cent - at 11,596.00.
Top gainers on the 50-scrip index at the time were SBI, Infosys, ITC, Bharat Petroleum and Eicher Motors, trading between 1.13 per cent and 2.36 per cent.
Infosys, ITC and ICICI Bank were the top contributors to the gain in Sensex.Sensex Opens 181 Points Higher, Nifty Starts Day At 11,646Domestic stock markets opened higher, with the S-P BSE Sensex index starting the session at 39,201.67, up 181.28 points from the previous close.
The broader NSE Nifty benchmark opened 63.55 points up at 11,646.15.On Thursday, the domestic stock marketshad finished a lacklustre session with mild losses, with the S-P BSE Sensex index ending38.44 points - or 0.10 per cent - lower at39,020.39 and the broader NSE Nifty benchmark settlingat11,582.60, down 21.50 points - or 0.19 per cent - from its previous close.Sensex Up Over 200 Points, Nifty Above 11,650 In Pre-Open MarketThe S-P BSE Sensex index climbed to as high as 39,249.94 in the pre-opening session, up 229.55 points - or 0.59 per cent - compared to the previous close.At 9:05 am, the Sensex was up 190.50 points - or 0.49 per cent - at 39,210.89 and the broader NSE Nifty benchmark was at 11,661.40, up 78.80 points - or 0.68 per cent - compared to the previous close.All Eyes On SBI, Tata Motors Earnings Analysts awaited key large cap companies to report their financial results later in the day.
State Bank of India (SBI), Tata Motors and Marico will post their earnings for the quarter ended September 30 on Friday.ICICI Bank is due to report its Q2 results on Saturday.Asian Shares Register Mild GainsEquities in other Asian markets inched up, tracking small gains in world markets as economic growth concerns somewhat eased.MSCI's broadest index of Asia-Pacific shares outside Japan was 0.13 per cent higher in early trade.
Japan's Nikkei ticked up 0.15 per cent and Australian shares added 0.66 per cent.SGX Nifty Futures Indicate Lower Opening For Domestic MarketsDomestic stock markets are likely to open lower with the Singapore Exchange (SGX) Nifty futures trading 33.00 points - or 0.28 per cent - lower at 11,582.50 at 8:30 am in India.
The SGX Nifty futures are an early indicator of the National Stock Exchange (NSE) Nifty index in India.