After five straight days of losses, Indian indices in line with gains on the SGX Nifty are set to open higher on the final trading day of the week. At the start, Sensex gained 343.50 points or 0.73% at 47,217.86, and the Nifty was up 102.90 points or 0.74% at 13,920.40. Investors will also react to the Economic Survey that is due to be tabled today.
In the overnight trade, US stocks ended higher after earnings season kicked off on a strong note and there was also a surprise decline in jobless claims that boosted investor sentiment.
Top early gainers in trade today have been, while losers include Tata Motors, IndusInd Bank, BPCL and Eicher Motors, while losers include GAIL, Axis Bank, TCS and Britannia.
Indus Towers has declared second interim dividend of Rs. 17.82 per share of Rs. 10 each for the fiscal year 2021. Shares of Indus Towers were up by over 1%.
IRFC will make its debut on the bourses today. The public issue of IRFC that was open between January 18 to January 20 was subscribed 3.49 times.
TVS Motor reported the highest ever profit of Rs. 266 crore during Q3FY21. Also, the revenue came in at the highest-ever of Rs. 5404 crore.
Meanwhile, Asian indices at the time of writing this copy traded mixed with a cut of 0.65% on Japanese Nikkei, while Singapore's Straits Times and Hang Seng traded higher by up to 0.52 percent.