LIVE: Nifty, Sensex gain half a percent, IDFC Bank falls
BPCL is up 1.8%, HPCL is up 0.5%, IOCL is up 2.75%.
BSE Sensex is currently trading at 27,854 points, up 150 points and NSE Nifty is up 0.09%, at 8610 points.
IDFC Bank has fallen 4.65%, at Rs 62.50 per share on BSE Sensex. This is its largest fall in a month.
Raymond falls in early trade as the company posted loss in its third quarter ended December 31, 2016 results. The company said that its Q3 net loss stood at Rs 146.9 million as against a profit of Rs 390.8 million.
Shares have fallen nearly 5%, currently trading at Rs 492 per share.
IIFL gains as its net profit for third quarter rose. The company also said that it will demerge its real estate business.
Ashok Leyland rose as the company's third quarter net profit climbed
BSE Sensex opened up 0.2% on Friday while NSE Nifty gained 0.1%. The markets have opened flat as expected.
SMC Research said, "The market is likely to open positive following a rally in global markets taking cues from U.S. markets. The buoyant U.S. market boosted all Asian stocks across the region, equity markets in Japan got off to a positive start after the yen posted its biggest one-day drop against the dollar in a week."
Colgate Palmolive, ITC, Bharat Electronics, Just Dial The India Cements, Sundaram Finance, Sun Pharma Advanced Research Company, Gujarat Alkalies and Chemicals, Avanti Feeds, Indoco Remedies and Tata Coffee.
As per provisional figures, foreign institutional investors (FIIs)/Foreign Portfolio Investors (FPIs) bought shares worth net Rs 1378.81 crores on 25th January 2017. Domestic institutional investors sold shares worth Rs 383.03 crores on that day, it said.