10:10 a.m.: The market breadth was positive as 1,183 stocks were advancing while 605 were declining.
9:54 a.m.: Sun Pharma was among the top gainers in the Nifty, up 3.89 per cent at Rs 810 after company post market hours on Thursday said that it has terminated the umbrella agreement as well as the transaction agreements executed between Daiichi Sankyo and Sun Pharma and its global subsidiaries.
9:45 a.m.: The broader markets were broadly in-line with the benchmark indices. The BSE mid-cap and small-cap indices were up 0.7 per cent each. From the mid-cap space, Wockhardt Pharma was the top gainer, up 4.6 per cent to Rs 940. HPCL, Divis Labs, Reliance Infra, Oriental Bank of Commerce, Reliance Power and JSW Energy were also among the gainers, up 2.2-3.7 per cent each.
9:30 a.m.: The Sesnsex rose over 100 points while the 50-share Nifty moved above its crucial psychological level of 8,100 on the back of buying in pharma and oil & gas stocks.
BPCL was the top Nifty gainer, the stock advanced 6 per cent to Rs 982.25 after the company on Thursday reported a 10.6 per cent drop in net profit for the March quarter on back of a slump in oil prices. But, it said that it earned $6.59 on turning every barrel of crude oil into fuel in 2015-16 as opposed to a gross refining margin of $3.62 a barrel in the previous fiscal year, which helped the stock to rise.
State Bank of India was also trading 1.2 per cent higher at Rs 186.35 ahead of its Q4 numbers which will be declared later in the day.
Analysts polled by NDTV Profit expect the bank to report net interest income of Rs 13,600 crore while profit is expected to come in at Rs 1,850 crore. Gross non-performing assets of the bank are likely to go up to Rs 81,300 crore compared with 72,800 crore during the previous quarter.
Sun Pharma, Lupin, Ambuja Cements, Kotak Mahindra Bank, Aurobndo Pharma, TCS and Idea Cellular were also among the gainers7, up 1-4 per cent each.
On the other hand, Tech Mahindra, Bharti Airtel, Larsen & Toubro, BHEL, HDFC Bank, Asian Paints, ICICI Bank, ITC and Bharti Infratel were among the laggards.