Live Indian Equity Market Trends and Market News

Sensex, Nifty open firm; SBI gains 2%, BHEL drags 5%

The market has opened higher. The Sensex is up 71.07 points at 28876.17 and the Nifty is up 29.95 points at 8741.50. About 464 shares have advanced, 144 shares declined, and 136 shares are unchanged.

The S&P BSE Sensex raised as much as 110 points in trade on Friday on positive macro economic data and global cues. The rally in the index was led by gains in ICICI Bank, Reliance Industries, Sun Pharma, SBI and L&T. 

SBI is up 2 percent while ICICI Bank, Hero, Dr Reddy's Labs, and Sun Pharma. BHEL is down 5 percent and Coal India, ONGC, Infosys and M&M are losers in the Sensex.

Reviving hopes of manufacturing recovery, industrial production grew at five-month high of 3.8 per cent in November last year, but retail inflation inched up to 5 per cent in December.
 The Indian rupee gained in early trade. It rose 18 paise to 62.13 per dollar against 62.31 Thursday. The dollar drops across the board after weaker-than-expected US economic data.  
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