Nifty above 11,600-mark; Infosys, Reliance Industries stocks lead


Equity tips:-

In the broader market, the BSE Midcap index was trading 123 points higher at 15,451 levels, while the BSE Smallcap index was trading at 15,017 levels, up 98 points.




Equity benchmark indices made a strong start for the April F&O series on Friday with sustained buying in heavyweights including Infosys, Reliance Industries, and TCS.

The Sensex was up 113 points at 38,659 levels, and the Nifty50 index rose 43 points at 11,613 levels. The market breadth was positive on the NSE with 1,051 shares advancing, 466 shares declining, and 553 remaining unchanged.

In the broader market, the BSE Midcap index was trading 123 points higher at 15,451 levels, while the BSE Smallcap index was trading at 15,017 levels, up 98 points.

The volatility index, India VIX, was up 1.33% at 16.87.

Shares of WABCO India surged 8% on the NSE after its holdings company entered into a definitive merger agreement with ZF Friedrichshafen AG to sell all of its outstanding shares in an all-cash transaction at $136.5 per share aggregating to $7 bn to ZF Friedrichshafen.

Shares of Lupin rose 2% after the pharma company launched Fluocinonide Ointment, which is used for inflammation treatment.

Among stocks, NTPC, Indiabulls HF, IOC, ONGC, and UPL are trading higher, Britannia, Axis Bank, JSW Steel, and IndusInd Bank are trading lower on the NSE. The most active stocks on the NSE are SBI Life, SBI, RIL, and Yes Bank.

On the currency front, the Indian rupee opened 10 paise higher at 69.24 per dollar vs. previous close 69.34/$.

Meanwhile, Asian shares are trading higher on Friday on revived hopes of progress in US-China trade talks. US stocks climbed on Thursday as Treasury yields rose off 15-month lows, with investors optimistic about the latest round of US-China trade talks.

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