The Indian markets were trading flat with a positive bias in Friday's range-bound session.
The S&P BSE Sensex hovered around 39,020 levels, after rising as much as 39,200 levels. The Nifty50 index, meanwhile, was trading around 11,550-level. Sun Pharma (up 3%) was the top Sensex gainer, followed by NTPC, Tata Steel, and Tech Mahindra (all up 1%).
Meanwhile, shares of pharma major Dr Reddy’s Laboratories surged 6 per cent after the company said it has settled its patent litigation with Celgene for the latter's cancer drug capsules.
All the Nifty sectoral indices were trading on a positive note, led by Nifty Pharma index, up 3.7 per cent.
In the broader market, the S&P BSE MidCap index and SmallCap index were trading 0.8 and 0.6 per cent up, respectively.
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01:38 PM
European indices mixed in early deals
01:26 PM
Global automobile sales forecast to fall by 20% this year, says S&P
"We project global vehicle sales to expand 7 to 9 per cent both in 2021 and 2022, meaning that light vehicle sales two years from now will still be 6 per cent below 2019 volumes."
Any upside to our sales scenario will stem mainly from the Chinese market, the most dynamic but least predictable among the main global auto markets, said Ferraris adding that China may be the only market to catch up with 2019 volumes by the end of 2022. READ MORE
01:18 PM
Real estate stocks in focus; Oberoi Realty, DLF advance over 5%
Shares of real estate companies were in focus with the Nifty Realty index gaining 3 per cent on Friday. Oberoi Realty and DLF rallied 8 per cent and 6 per cent, respectively, on the National Stock Exchange (NSE). Brigade Enterprises, Sobha, Godrej Properties, Sunteck Realty, and Indiabulls Real Estate were up in the range of 1 per cent and 3 per cent. READ MORE
construction, realty, real estate, concrete, cement, buildings, high rise
01:10 PM
SECTOR WATCH:: Auto stocks trade higher
COMPANY LATEST(RS) CHG(%)
ASHOK LEYLAND 82.10 4.85
TATA MOTORS 149.10 1.02
M & M 643.60 1.01
TATA MOTORS-DVR 66.05 1.15
ESCORTS 1277.70 2.71
» More
12:58 PM
344 stocks in Nifty 500 index are indicating a bullish trend, shows MACD
The moving average convergence divergence (MACD) is a technical indicator that helps to understand the changes in the strength, momentum, and direction of any stock/security. The relationship between two moving averages helps to determine the buy or sell signal with the assistance of a 'signal line'. READ MORE
12:45 PM
India VIX cools off 3%
12:38 PM
India Inc looks to raise more than Rs 50,000 crore from IPOs in FY21
According to data made available by Geojit Financial Services, as many as 80 firms have approached the regulator Securities and Exchange Board of India (Sebi) to get the necessary approvals for tapping the primary market through the rest of the current fiscal. READ MORE
12:30 PM
Top gainers on BSE at this hour
COMPANY PRICE(RS) CHG(%)
NATCO PHARMA 916.20 18.00
DR REDDY'S LABS 5251.45 8.80
SUDARSHAN CHEM. 531.00 8.69
CIPLA 810.10 7.72
LUPIN 1110.20 6.96
» More on Top Gainers
12:20 PM
MARKET UPDATE
12:11 PM
Sebi asks MFs to put in place policy on trade execution, allocation
Markets regulator Sebi on Thursday asked mutual fund houses to put in place a policy specifying role of several teams engaged in fund management and back office with regard to execution of order and allocation of trade among various schemes.
The policy will ensure that all the schemes and its investors are treated in a fair and equitable manner, the Securities and Exchange Board of India (Sebi) said in a circular. READ MORE
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