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Intraday Indian
share markets are expected to trade in a range on Friday, tracking muted trend
seen in other Asian markets and SGX Nifty. The domestic bourses were seen
ending almost unchanged after a range bound session on Thursday. The upside
move was also restricted as participants are keeping cautious view ahead of the
Index of Industrial Production (IIP) and Consumer Price Index (CPI) numbers,
which are scheduled on Friday.
The S&P BSE Sensex has opened on a positive note led by gains in IT, metals and power stocks. According to analysts, the market is expected to consolidate around current levels with positive bias in the near term, the 30-share index was at 27049.65, up 53.78 points or 0.20 per cent. It touched a high of 27,059.60 and a low of 27,010.65 in early trade.
The Nifty was at 8,098.05, up 12.35 points or 0.15 per cent. It touched a high
of 8,100.40 and a low of 8,086.25 in early trade.The S&P BSE Midcap Index
was up 0.53 per cent and the S&P BSE Smallcap Index gained 0.64 per cent.ICICI
BankBSE -0.19 % is in the market to raise at least $500 million (Rs 3,000
crore) through dollar bonds, two bankers familiar with the matter said, as
Indian businesses continue to take on global debt as rates remain at historic
lows. The S&P BSE Sensex has opened on a positive note led by gains in IT, metals and power stocks. According to analysts, the market is expected to consolidate around current levels with positive bias in the near term, the 30-share index was at 27049.65, up 53.78 points or 0.20 per cent. It touched a high of 27,059.60 and a low of 27,010.65 in early trade.
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