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Equity Tips

Sensex, Nifty marginally higher; ICICI Bank falls ahead of Q4 nos

The market is dragged by selling pressure at opening on Friday. The Nifty has started the May Future & Cues options on a weak note. The 50-share indices slips 4.85 points at 7842.40. The Sensex is down 28.37 points or 0.1 percent at 25574.73. About 244 shares have advanced, 143 shares declined, and 36 shares are unchanged.

The market gained strength in morning trade with the Sensex rising more than 100 points led by banking & financials, healthcare, IT and FMCG stocks.

The market is seeing sudden spurt in buying aided by heavyweights. The Sensex is up 83.21 points or 0.3 percebt at 25686.31, and the Nifty is up 21.30 points or 0.3 percent at 7868.55. About 920 shares have advanced, 519 shares declined, and 77 shares are unchanged.

Lupin, Cipla, Tata Steel, Maruti and Axis Bank are top gainers while ICICI Bank, Bharti, M&M, HUL and Reliance are losers in the Sensex.

The Indian rupee has opened marginally higher at 66.48 a dollar on Friday compared to 66.52 per dollar in previous session.

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