Cipla,
GAIL, Dr Reddy's Labs, ICICI Bank and Coal India rallied 1.2-1.6 percent.
However, Kotak Mahindra Bank fell 3 percent post Q1 earnings. ITC, Maruti
Suzuki, L&T, PNB, Bank of Baroda and Power Grid Corp declined.
Live Stock Tips
Live Stock Tips
BUY RUBY MILLS (LCP-378.05) ABOVE 380 TG-384.5-390
BUY ESS DEE (LCP-360.8) ABOVE 363 TG-368-374
BUY JET AIRWAYS (LCP-382.25) ABOVE 384TG-388-393
BUY TATA ELEXI (LCP 1732.95) ABOVE1736 TG-1745-1755
Nifty hits 8450, Sensex
up 150pts; Kotak Mah down, ICICI up
The positive momentum continued in early trade
Friday with the Sensex rising 168.05 points or 0.61 percent to 27873.40 and the
Nifty gaining 39.65 points or 0.47 percent to 8461.45. About 746 shares have
advanced, 175 shares declined, and 74 shares are unchanged on the BSE.
Cipla, GAIL, Dr Reddy's Labs, ICICI Bank and
Coal India rallied 1.2-1.6 percent. However, Kotak Mahindra Bank fell 3 percent
post Q1 earnings. ITC, Maruti Suzuki, L&T, PNB, Bank of Baroda and Power
Grid Corp declined.
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In important earnings, Larsen and Turbo
(L&T) will report its Q1 numbers today. The earnings could disappoint
on a high base. Its consolidated profit is expected to decline 14 percent with
a reputed revenue growth
Banking heavyweight, ICICI Bank too will
report numbers today. According to a CNBC-TV18 poll, the Net Interest Income
(NII) is expected to rise 15 percent while profits may see 10 percent growth.
The provisions are expected to remain elevated.
The Indian rupee slipped in the early trade. It has opened lower by 6 paise at 64.10 per dollar against previous close of 64.04.