The Intraday market has opened flat once again as the Sensex
is up 21.05 points at 25844.80 the Nifty up 5.70 points at 7720.50. About 475
shares have advanced, 147 shares declined, and 24 shares are unchanged. Bharti,
Tata Steel, Tata Power, Wipro and NTPC are top gainers in the Sensex. Among the
losers are Hindalco, HDFC, ONGC, GAIL and ITC.
The Indian rupee opened flat at 59.69 per dollar versus
59.73 Thursday. The dollar is at one-week high, having shown competitors a
clean pair of heels after surprisingly strong US jobs growth added to hopes the
economy is pulling out of a first quarter slump.
Asian Intraday shares joined jobs-fueled rally. Nikkei
gained on the back of weak yen. South Korean stocks were trading at near
five-week highs. Taiwan was under pressure though for the week it was still up
2 percent. Gold prices slipped towards USD 1320 an ounce falling a strong
dollar.
Shares of Bharti Airtel, the largest telecom operator in
India, gained more than 2 percent intraday after the Reserve Bank of India
allowed foreign institutional investors (FIIs)/registered foreign portfolios
investors (RFPIs) to invest upto 74 percent of the paid up capital of company
under the portfolio investment scheme.
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