Markets
open higher on firm note on Friday with the start of the May Future and Option series
with Nifty touched around 11,700-level. The Sensex rose over 100 points through
mid-morning trading hours, and the Nifty traded at 11700 levels.
The
domestic currency gained in early trade on Friday, higher by 16ps at 70.09 per
US. Meantime, Crude Oil prices dipped today with Brent crude futures
touched at USD74.00/ barrel from their last close.
Tata
Steel, JSW Steel, Gail India were the major contributors on Nifty50 at this
point, while Tata Motors, Maruti Suzuki and Grasim fall.
Nifty
Metal index rise 2.39pc with major gains in Tata Steel, Jindal Steel and JSW Steel
upto 3 - 6% gains.
Nifty Auto Index falls near 1% with major falls in Tata Motors, MothersonSumi, Maruti, TVS Motors.
Shares
of Axis bank trade higher by 1.50 percent at Rs752 per share after the Private sector
lender on Thursday reported a net profit of Rs.1,50-Cr.
Tata
Steel trade higher by 6.25% at Rs542.65 after the company on Thursday posted a
84% drop in fiscal Q4 consolidated net profit.
YES
Bank, Hero MotoCorp, HDFC AMC and HDFC Life Ins. Co, among others, Â will be announcing their earnings today.
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