Sensex up over 150 points

The domestic market came off their intra-day highs as investors booked profits at higher levels amid weak European cues. The Nifty50 gave up its gains of the day slipping below the 8,800 mark. Banking and metal stocks have lead the fall.

The Indian stock market rallied tracking positive trend seen in Asian markets after weak US data reduced the already low chance of an interest rate increase by the Federal Reserve at next week's meeting. The Sensex jumped over 250 points, while the broader Nifty50 rallied above its key 8,800 level.

The Nifty reclaimed its crucial level of 8,800 supported by gains in IT, realty, power, oil & gas, capital goods, banks, and auto stocks.


The S&P BSE Sensex is trading at 28,556 up 143 points, while NSE Nifty is trading at 8,763 up 21 points.

The BSE Mid-cap Index is trading down 0.41% at 13,037 whereas BSE Small-cap Index is trading down 0.25% at 12,714.

Hero MotoCorp, Bajaj Auto, Matuti Suzuki, SBI, Axis Bank and NTPC are among the gainers, whereas Cox & King, Monsanto, ICRA, Britannia and Sanofi are losing sheen on BSE.

Some buying activity is seen in FMCG, utilities, power, oil & gas, energy and IT sectors, while metal, banking, and industrial, realty and finance sectors are showing weakness on BSE.

The INDIA VIX is up 1.48% at 14.8950. Out of 1,856 stocks traded on the NSE, 885 declined, 719 advanced and 292 remained unchanged today.

A total of 43 stocks registered a fresh 52-week high in trades today, while 14 stocks touched a new 52-week low on the NSE.

Sensex rises over 300 points

The Indian stock market rallied tracking positive trend seen in Asian markets after weak US data reduced the already low chance of an interest rate increase by the Federal Reserve at next week's meeting. The Sensex jumped over 250 points, while the broader Nifty50 rallied above its key 8,800 level.

The Nifty reclaimed its crucial level of 8,800 supported by gains in IT, realty, power, oil & gas, capital goods, banks, and auto stocks.

The S&P BSE Sensex is trading at 28,737 up 325 points, while NSE Nifty is trading at 8,837 up 95 points.

The BSE Mid-cap Index is trading up 1.28% at 13,259 whereas BSE Small-cap Index is trading up 1.08% at 12,883.

Hero MotoCorp, Bajaj Auto, Matuti Suzuki, SBI, Axis Bank and NTPC are among the gainers, whereas Cox & King, Monsanto, ICRA, Britannia and Sanofi are losing sheen on BSE.

All the BSE sectoral indices were trading in the positive territory.

The INDIA VIX is down 3.40% at 14.1775. Out of 1,856 stocks traded on the NSE, 255 declined, 1,216 advanced and 385 remained unchanged today.

A total of 43 stocks registered a fresh 52-week high in trades today, while 14 stocks touched a new 52-week low on the NSE.

Nifty hits 8800 mark

At 9:15 AM, the S&P BSE Sensex is trading at 28,577 up 164 points, while NSE Nifty is trading at 8,790 up 48 points.

The rupee opened higher 16 paise at 66.86/$ against US Dollar Friday as against the previous close of 67.02/$. The rupee gained against the dollar at the Interbank Foreign Exchange today as exporters and banks stepped up dollar sale amid higher opening in the domestic equity market.

Asian markets are trading higher. Wall Street closed with gains on Thursday.

The Dow Jones industrial average jumped 0.99% to end the day at 18,212.48 points and the S&P 500 rallied 1.01% to 2,147.26. The Nasdaq Composite climbed 1.47% to 5,249.69. Apple surging 12% over the past four sessions, its suppliers also rallied. Chipmaker Skyworks Solutions jumped 6.4% and was the top percentage gainer on the benchmark S&P index. Oil prices retreated Friday morning Asia time, after seeing some rebound overnight.

Investors remained cautious ahead of the policy meetings of the Bank of Japan and US Federal Reserve. Bank of Japan and the Fed policy review will be held on 20-21 September.

The bank's Monetary Policy Committee (MPC) voted unanimously in September to hold the base rate at 0.25 percent, which was cut in August. It also voted unanimously to maintain the size of its corporate bonds purchases at up to £10 billion ($13.2 billion) and government bond purchases at £435 billion.

HPL Electric & Power has fixed the price band for its Rs 361 crore IPO at Rs 175-202 per share. The company's initial public offer will open from September 22-26.

On the economy front, the trade deficit in the month was $7.67 billion, against $12.39 billion in the year-ago period, as imports fell by a steeper 14.09 per cent to $29.19 billion, according to Commerce Ministry data released on Thursday.

Finance Minister Jaitley to review the quarterly performance of public sector banks and financial institution in New Delhi.