Sensex rises 200 pts, Nifty tests 25,050; Infy, TaMo, Axis Bank top gainers

Indian stocks were trading in the positive zone on Friday aided by a strong rally in IT shares. Infosys stock gained 1.6 per cent, followed by TCS, Tech M, and HCL Tech.

That apart, Tata Motors, Maruti Suzuki, BEL, L&T, Tata Steel, and Axis Bank were some of the other top gainers, supporting the rally in the benchmark indices.

At the headline level, the BSE Sensex index was trading at 81,664, higher by 115 points or 0.14 per cent, and the Nifty50 was at 25,058, up 52 points or 0.21 per cent.

In the broader market, the Nifty MidCap index and the Nifty SmallCap index advanced 0.46 per cent and 0.33 per cent, respectively.

Among sectors, the Nifty IT was the top gainer, rising 0.74 per cent. On the flipside, the Nifty FMCG index was the top loser, down 0.24 per cent.

IPOs today:

In the main board IPO category, Urban Co. IPO, Dev Accelerator IPO and Shringar House of Mangalsutra IPO will close for application.

On the SME front, the basis of allotment of Taurian MPS IPO, Karbonsteel Engineering IPO, Nilachal Carbo Metalicks IPO and Krupalu Metals IPO will be finalised. Besides, shares of Sharvaya Metals, Vigor Plast India and Austere Systems will list.