Nifty reclaims 10,900 mark; Yes Bank, Reliance Industries stocks lead


Equity tips:-




Equity benchmark indices opened higher on Friday tracking firm cues from Asian peers. Reliance Industries, Yes Bank, TCS, HDFC, and ITC were among the major contributor in today’s session.

Yes Bank shares gained 7.5% after the firm named Ravneet Gill of Deutsche Bank India as MD & CEO to replace Rana Kapoor.

The Sensex was up 247 points at 36,443, while the Nifty rose 77 points to 10,927 levels. The market breadth was positive with 992 shares advancing, 496 shares declining, and 547 remaining unchanged.

Yes Bank, Infratel, UPL, Bharti Airtel, and HCL Tech were the top gainers on the Nifty50, while UltraTech, Hero MotoCorp, Zee, ICICI Bank, and GAIL were trading in the red.

Volatility index India VIX slipped 2.99% to 16.91.

The most active stocks were Yes Bank, Reliance Industries, Biocon, ICICI Bank, and HDFC.

The Indian rupee opened higher at 71/$ on Friday against its previous close 71.07.

Asian markets were trading in the green on Friday led by technology companies, which followed the strong US session for chipmakers. Shares in Japan, Hong Kong, and China gained.

Besides, on the currency front, the pound climbed to a near 3-month high after the UK news media reported that the DUP, which provides crucial support to UK Prime Minister Theresa May’s government in the Parliament, has agreed to back her new Brexit deal. Further, the euro dropped on the back of disappointing economic data amid a report of the German government trimming its growth forecast.

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