Sharemasterindia 9:20 a.m.: The Sensex advanced over 150 points and the Nifty moved above its crucial psychological level of 8,200 on the back of buying visible across the sectors.
Buying in stock markets was visible across sectors. BSE oil & gas index was the top sectoral gainer, up 0.85 per cent. Metal, capital goods, banking, healthcare and IT indices were also up 0.45-0.7 per cent each.
From the Nifty-50 basket of stocks, 41 stocks were advancing while 9 were declining.
Hindalco was the top Nifty gainer, the stock jumped 2 per cent to Rs 122 after LIC increased its stake in the company to 13 per cent.
HDFC, Dr Reddy's Labs, ONGC, Reliance Industries, Bharti Airtel, Mahindra & Mahindra, Punjab National Bank, Larsen & Toubro and Tata Steel were also among the gainers.
On the other hand, HUL, Power Grid, Tata Motors, Lupin, NTPC and BPCL were among the laggards on the Nifty.
9:00 a.m.: Rupee opens higher at 63.68/dollar against Thursday's close of 63.73.
8:50 a.m.: Below are the stocks which will be in focus today:
Dish TV: Private equity firm Apollo India is likely to sell its 2.9-4.4 per cent stake in Dish TV via block deal. The offer size is expected to be in the range of $50-75 million and the price band for the issue is in between the range of Rs 102-109.7 per share. The settlement date for the offer is June 23.
Hindalco: Life Insurance Corporation of India has increased its stake in Hindalco from 11.3 per cent to 13.34 per cent in the last two months.
Amtek Auto: Amtek Auto which fell 15 per cent in trades on Thursday is likely to be in focus today as reports suggested that the company has defaulted on loan repayments related to FCCB.
Bharti Airtel: Bharti Airtel has rolled out 4G trials exclusively for its customers in Delhi-NCR.
Jet Airways, SpiceJet: Jet Airways and SpiceJet will be in focus today as the domestic air traffic rose 18 per cent in May.
8:35 a.m.: The Indian markets have been trading higher since the last five trading session. The Nifty has advanced 2.6 per cent. The buying in stock markets is broad based as Bank Nifty and CNX mid-cap indices have also gained 2.4 and 2.9 per cent each respectively.
The rally in the Nifty is supported by gains in Reliance Industries (RIL). RIL share have rallied 11 per cent in the last five sessions. The stock is trading comfortably above its 200-day moving average.
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