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The broader market indices were trading higher; S&P BSE MidCap was up 1.05% whereas S&P BSE SmallCap was higher by 1.48%.
All the 20 sectors compiled by BSE advanced, with S&P BSE Information Technology, S&P BSE Teck, and S&P BSE Bankex gaining the most.
The market breadth was skewed in the favour of buyers. About 2,517 stocks rose 906 declined, and 124 remained unchanged on the BSE.
Stock Market Live: Sensex, Nifty Gain Over 1% As Reliance, ICICI Bank, Infosys Lead
The interbank call money rates jumped to 8.05%, which is the highest since April 2019 when it touched 9.45%.
The Reserve Bank of India’s repo rate stood at 6.50.
Source: Cogencis
Shares of Vedanta Ltd. were trading lower by 0.09% to Rs 281.5 apiece in trade on Friday compared to the advance in the benchmark, NSE Nifty 50 Index by 1.09%.
The stock advanced as much as 1.15% intraday before shedding the gains.
Vedanta Ltd. has 0.5% or 2.03 core equity shares change hands in four bunched trade.
Total traded volume stood at six time its 30-day average. The relative strength index was at 46.4.
Out of the 16 analysts tracking the company, 10 maintain a 'buy' rating, three recommend a 'hold' and three suggest to 'sell' the stock.
The return potential as calculated by the consensus of analyst estimates, stand at an upside of 26.8% over the next 12 months.
Source: Bloomberg
The broader market indices were trading higher; S&P BSE MidCap was up 0.80% whereas S&P BSE SmallCap was higher by 1.06%.
All the 20 sectors compiled by BSE advanced, with S&P BSE Utilities, S&P BSE Information Technology and S&P BSE Teck gaining the most.
The market breadth was skewed in the favour of buyers. About 2,101 stocks rose 473 declined, and 119 remained unchanged on the BSE.
Source: BSE
At pre-open, the S&P BSE Sensex Index was up 314 points or 0.54% at 58,273.86 while the NSE Nifty 50 Index was higher by 130 points or 0.76% at 17,210.35
Source: Bloomberg
Yield on the 10-year bond was flat at 7.29% in early trade on Friday.
Source: Bloomberg
The local currency strengthened about 22 paise to open at 82.12 against the greenback on Friday. It closed at 82.34 on Wednesday.
Source: Bloomberg
Nxtra Data acquired 5.464% additional stake in Avaada MHAmravati, a special purpose vehicle formed for the purpose of owning and operating the Captive Power Plant.
The subsidiary of Bharti Airtel acquired 23.9 lakh equity shares of face value Rs 10 each at an amount aggregating to Rs 2.39 crore.
The company had acquired 11.7% stake in the company at Rs 5.11 crore in June 2022.
Source: Exchange filing
VA Tech Wabag with joint venture partner Metito Overseas Ltd. wins a seawater reverse osmosis project from Chennai Metropolitan Water Supply and Sewerage Board.
The project worth Rs 4,400-crore will be funded by Japan International Cooperation Agency.
The design, build, and operate order entails the desalination of 400 million litres of seawater per day for an intake of 42 months followed by 20 years of operation and maintenance.
This project will be the largest desalination plant in the South East Asian Region after completion.
Source: Exchange filing
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