Cipla, GAIL, Dr Reddy's Labs, ICICI Bank and Coal India rallied 1.2-1.6 percent. However, Kotak Mahindra Bank fell 3 percent post Q1 earnings. ITC, Maruti Suzuki, L&T, PNB, Bank of Baroda and Power Grid Corp declined.
The positive momentum continued in early trade Friday with the Sensex rising 211.86 points to 27917.21 and the Nifty climbing 50.10 points to 8471.90. About 1065 shares have advanced, 332 shares declined, and 85 shares are unchanged on the BSE. Cipla, GAIL, Dr Reddy's Labs, ICICI Bank and Coal India rallied 1.2-1.6 percent. However, Kotak Mahindra Bank fell 3 percent post Q1 earnings. ITC, Maruti Suzuki, L&T, PNB, Bank of Baroda and Power Grid Corp declined. In important earnings, Larsen and Toubro (L&T) will report its Q1 numbers today. The earnings could disappoint on a high base. Its consolidated profit is expected to decline 14 percent with a reputed revenue growth. Banking heavyweight, ICICI Bank too will report numbers today. According to a CNBC-TV18 poll, the Net Interest Income (NII) is expected to rise 15 percent while profits may see 10 percent growth. The provisions are expected to remain elevated. The Indian rupee slipped in the early trade. It has opened lower by 6 paise at 64.10 per dollar against previous close of 64.04.
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