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Market Opens: After a yesterday's declines benchmark indices started on a positive note on Friday with Sensex is up more than 150 points.
At 09:17 hrs IST, the Sensex is up 165.44 points or 0.47% at 35477.57, and the Nifty up 37.10 points or 0.35% at 10638.30. About 465 shares have advanced, 128 shares declined, and 28 shares are unchanged.
IOC, HPCL, Hindalco, M&M, Dr. Reddy's Lab, Vendata, ICICI Bank, Bajaj Auto, and Sun Pharma are among major gainers on the indices, while HCL Tech, Yes Bank, Tata Motors, Gail India are trading lower.
Buzzing: Shares of HCL Tech shed 4.5 percent in the early trade on Friday after the company is going to buy some of IBM software products.
IBM and HCL Technologies announced a definitive agreement under which HCL will acquire select IBM software products for USD 1.8 billion, company said in a release.
CLSA on Sun TV: Sun TV Network shares dropped nearly 3 percent in the morning on Friday after global investment firm CLSA slashed price target for the stock by Rs 100 per share.
The research house cut its earnings estimates for the company by 3-4 percent to factor in higher content costs.
source:- Moneycontrol
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