HDFC Bank, ICICI Bank lift Sensex by 370pts, Nifty atop 25,280; PSBs, realty gain

Following a flat start, Indian equity benchmarks were trading higher on Friday amid a positive market sentiment driven by easing geopolitical tension in the Middle East and indications of a trade deal between US and India.

At 11 AM, the BSE Sensex was up 382 points, or 0.47 per cent, at 82,554 levels, while the Nifty was trading at 25,295, up 113 points, or 0.45 per cent.

In the broader markets, the Nifty Midcap 100 index was up 0.18 per cent, while the Nifty Smallcap 100 was up 0.28 per cent.

On the sectoral front, Nifty Realty was the top gainer, up around 1.5 per cent, followed by PSU Bank, FMCG, Financial Services, Auto, Pharma, Healthcare, Consumer Durables, Auto and Oil & Gas. On the contrary, Nifty Metal index was the top laggard, down by 1.4 per cent.

Among the Sensex constituents, Power Grid, State Bank of India, NTPC, Adani Ports, and Asian Paints were the tip gainers. Tata Steel, TCS, Bajaj Finance, M&M, and HCL Tech were the top losers.

Q2 results today
Elecon Engineering Company, Indosolar, Waaree Renewable Technologies, Yash Highvoltage, GK Energy, Hathway Bhawani Cabletel & Datacom, AAA Technologies, Affordable Robotic & Automation, Evoq Remedies, Intense Technologies, Oswal Overseas, Pro Fin Capital Services.

In focus post-earnings: TCS, Tata Elxsi, 5Paisa Capital, among others that reported on Thursday.

IPO today
Mainboard: Canara HSBC Life Insurance opens for subscription; WeWork India Management lists; basis of allotment for LG Electronics India to be finalised.

SME: SK Minerals & Additives and Sihora Industries open; NSB BPO Solutions lists.