Indices Hit Fresh Highs; Nifty Logs 13550 Levels

As suggested by the positive uptrend on the SGX Nifty, Indian indices opened higher. Nifty was up at 13539, up 0.45%, while Sensex traded with gains of 200 points at 46148.Also broader markets outperformed the indices with gain of 0.77% on Nifty Midcap 100

Later they logged fresh highs, with Nifty clinching levels of 13550 for the first time.

Investors will also watch out for industrial inflation and CPI inflation data which will be out later today.

Gainers in early trade have been ONGC, GAIL, UPL, NTPC and Hindalco while top losers include Infosys, Axis Bank, Tech Mahindra, Cipla and Tata Motors.

Shares of TVS group will be in focus as the company on Thursday decided to go for restructuring by giving each of the family group complete ownership of businesses they administer.

HDFC Bank shares traded higher marginally even after a penalty amounting to Rs. 10 lakhs for bouncing of SGL, resulting in a shortage of balance in certain securities in the bank's CSGL account on November 19, 2020, has been levied by the RBI.

Shares of Kotak Mahindra Bank wasup 1% after RBI restricts payment of dividend on PNCPS.

Meanwhile, Asian markets at the time of writing this copy traded mixed with Japanese Nikkei down 0.54 percent, while South Korea's Kospi was up 0.85 percent.

Oil prices continue to gain Friday as coronavirus vaccine is now being administered and the prices have surpassed levels of $50 per barrel, as there are hopes that demand for the commodity would make a comeback going in the next year.

Rupee in today's trade opened unchanged at 73.66 per US dollar.

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