Market Live: Sensex up 150 pts, Nifty test 10,800; Varroc Engg, Titan Infosys most active. All the sectoral indices are trading positive with auto and energy index up more than 1 percent.
Market Check: The market is trading at day's high with Sensex up more than 150 points and Nifty trading above 10,800.
The Sensex is up 163.99 points at 35,738.54, and the Nifty up 53 points at 10802.80.
All the sectoral indices are trading positive with auto and energy index up more than 1 percent.
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Crude Update: Oil markets opened cautiously lower on Friday ahead of a raft of import tariffs set to be imposed later in the day by the world's two biggest economies, the United States and China.
International Brent crude oil futures were at $77.18 per barrel at 0043 GMT, down 21 cents, or 0.3 percent, from their last close.
US West Texas Intermediate (WTI) crude futures were down 6 cents, or 0.1 percent, at $72.88 per barrel.
Gold Update: Gold prices nudged lower amid a steady dollar on Friday, with investors bracing for any impact on global markets from a deepening trade conflict between the United States and China.
The United States is due to begin collecting tariffs on USD 34 billion in Chinese goods. US jobs data later in the day was in focus as well.
Spot gold had fallen 0.3 percent to USD 1,253.11 an ounce. US gold futures for August delivery were 0.4-percent lower at USD 1,254.10 an ounce.
Gold prices were being weighed down by a steady dollar, said Helen Lau, analyst at Argonaut Securities.
Market Opening: The benchmark indices are marginally lower in the opening trade amid weak Asian markets.
The Sensex is up 24.01 points or 0.07% at 35598.56, and the Nifty up 1.70 points or 0.02% at 10751.50. About 371 shares have advanced, 517 shares declined, and 55 shares are unchanged.
Vedanta, Titan, Hindalco, Tata Steel, UntraTech Cement, ONGC, IndusInd Bank, Maruti Suzuki and HDFC are the major loser in the market.
Infosys, HCL Tech, IOC, TCS, RIL, are the gainers in the market
Sobha gained 3 percent after reporting better sales numbers.
Delta Corp, HEG, Graphte India are trading higher with 1-3 percent gain.
Rupee Update: The Indian rupee opened higher by 7 paise at 68.88 per dollar on Friday versus previous close 68.95.
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US West Texas Intermediate (WTI) crude futures were down 6 cents, or 0.1 percent, at $72.88 per barrel.
Gold Update: Gold prices nudged lower amid a steady dollar on Friday, with investors bracing for any impact on global markets from a deepening trade conflict between the United States and China.
The United States is due to begin collecting tariffs on USD 34 billion in Chinese goods. US jobs data later in the day was in focus as well.
Spot gold had fallen 0.3 percent to USD 1,253.11 an ounce. US gold futures for August delivery were 0.4-percent lower at USD 1,254.10 an ounce.
Gold prices were being weighed down by a steady dollar, said Helen Lau, analyst at Argonaut Securities.
Market Opening: The benchmark indices are marginally lower in the opening trade amid weak Asian markets.
The Sensex is up 24.01 points or 0.07% at 35598.56, and the Nifty up 1.70 points or 0.02% at 10751.50. About 371 shares have advanced, 517 shares declined, and 55 shares are unchanged.
Vedanta, Titan, Hindalco, Tata Steel, UntraTech Cement, ONGC, IndusInd Bank, Maruti Suzuki and HDFC are the major loser in the market.
Infosys, HCL Tech, IOC, TCS, RIL, are the gainers in the market
Sobha gained 3 percent after reporting better sales numbers.
Delta Corp, HEG, Graphte India are trading higher with 1-3 percent gain.
Rupee Update: The Indian rupee opened higher by 7 paise at 68.88 per dollar on Friday versus previous close 68.95.
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The rupee closed at record lows in yesterday’s trading session as traders turn cautious of China and US tariff implementation and are expected to open flat against the dollar amid weakness before US tariffs on China take effect and decline in crude oil prices, said Motilal Oswal.
The Trump administration has imposed tariffs on a range of imported goods, including steel and aluminum, to protect domestic industries from what it says is unfair competition from foreign manufacturers. The 25% duty will apply to USD 34 billion worth of Chinese goods, ranging from aircraft to chicken incubators.
The FOMC minutes stated that further gradual increases in the target range for the federal funds rate will be consistent with sustained expansion of economic activity, strong labour market conditions, and inflation near the Committee's symmetric 2% objective over the medium term.
Today, USD-INR pair is expected to trade sideways within narrow range of 68.55-69.20.
The Trump administration has imposed tariffs on a range of imported goods, including steel and aluminum, to protect domestic industries from what it says is unfair competition from foreign manufacturers. The 25% duty will apply to USD 34 billion worth of Chinese goods, ranging from aircraft to chicken incubators.
The FOMC minutes stated that further gradual increases in the target range for the federal funds rate will be consistent with sustained expansion of economic activity, strong labour market conditions, and inflation near the Committee's symmetric 2% objective over the medium term.
Today, USD-INR pair is expected to trade sideways within narrow range of 68.55-69.20.
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