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Sensex up 150 points; Yes Bank, IndusInd Bank stocks up

The most active stocks on the NSE are Indiabulls HF, Titan, Tata Motors, and Reliance Industries.
Equity benchmark indices opened higher on Friday tracking global cues. IndusInd, Cipla, Yes Bank, and Tech Mahindra stocks were among the gainers, while Asian Paints, Airtel, Maruti, and ITC were among top losers.

The Indian rupee opened higher by 9 paise at 69.07/$.

On the international front, US President Donald Trump on Thursday said the US and China were aiming to reach a trade deal in the next four weeks, though he failed to announce a much-anticipated summit with Chinese leader Xi Jinping.

The Sensex gained 184 points at 38,869 levels, and the Nifty50 index is up 59 points at 11,658 levels. The market breadth was positive on the NSE with 1,133 shares advancing, 410 shares declining, and 514 remaining unchanged.

In the broader markets, the BSE MidCap index was trading 90 points higher at 15,503, while the BSE SmallCap index was ruling at 15,028, up 90 points.

Shares of Cipla jumped 3% after the company said it has received an EIR from the US health regulator after inspection of its Goa facility.

Shares of Godrej Properties rallied 4% after the company has added a new residential project in Navi Mumbai. It has also increased its stake in Wonder Space Properties Private Limited from 25.1% to 96.03%.

Shares of Titan rose 1% as its sales grew in FY19 by ~22% and jewellery division grew 22% and Eyewear 23% in FY19.

The volatility index, India VIX, was up 0.58% at 18.76.

The most active stocks on the NSE are Indiabulls HF, Titan, Tata Motors, and Reliance Industries.

Meanwhile, Asian stock markets were trading flat on Friday, with China and Hong Kong shut for a holiday. Japanese shares and American equity futures edged up alongside Treasury yields following remarks of both the US and China that progress is being made in trade talks.

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