Sensex, Nifty edged higher in early trade on Friday reacting to positive Gross domestic product (GDP) data. GDP growth of India quickened to 6.3% in the Sept quarter, up from a 3-year low of 5.7% in the June quarter, that indicates the Indian economy has recovered from the lingering effects of demonetization last year and GST rollout on 1 July.
At 10:45 am, the BSE Sensex was up 77.27 points at 33,266.62, while the NSE Nifty50 index was up 24.90 points at 10,251.45.
Stocks of automobile sectors will be in limelight as these companies announce their monthly results today. Meantime, shares of Tata Motors rose 1.27%, ONGC spiked 1.22% and L&T edged higher by 0.85% from the Sensex pack.
In early hours Shares of Biocon Ltd rose 3.2 percent after the company announced the European Medicines Agency has accepted Mylan’s MAA review for its cancer treatment.
Shares of LT Foods Ltd jump 5% on expansion plan after the company announced that it is planning to invest USD 20 million, strengthening its presence in European market for overall branding and expansion.
Shares of Petronet LNG, Britannia Industries and Vakrangee have been included in the MSCI-India-index effective from today, 1 December 2017, while Apollo Hospitals was removed from the index. Also, shares of L&T Finance Holdings, TVS Motors and Vakrangee Ltd were included in MSCI India Domestic index.