Sensex trades higher led by IT stocks
![](https://portfolio.investmentguruindia.com/uploads/news/BSE_011224.jpg)
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Indian equity indices opened in green on Friday as Infosys, Wipro, and Tech Mahindra were top gainers.
At 9:40 a.m., Sensex was up 222 points or 0.28 per cent at 77,700 and Nifty was up 71 points or 0.30 per cent at 23,638.
Selling is being seen in banking shares. Nifty Bank is down by 109 points or 0.21 per cent at 51,665.
There is a bullish trend in small and medium stocks. The Nifty midcap 100 index is at 55,728, up 252 points or 0.48 per cent, and the Nifty smallcap 100 index is at 18,376, up 109 points or 0.60 per cent.
Tech Mahindra, Infosys, TCS, HCL Tech, Wipro, Bharti Airtel, Bajaj Finserv, Titan and Power Grid are the top gainers. Tata Steel, Tata Motors, HUL, Kotak Mahindra, HDFC Bank and Reliance are the top losers.
Tokyo, Shanghai, Hong Kong and Seoul are in the red. The markets of Bangkok and Jakarta are trading with gainers. The US markets closed positive on Thursday.
According to market experts, "The market is in a consolidation phase. There are no major triggers for aggressive buying or selling. Strong up moves will attract profit booking."
"Even when the market consolidates, leading private sector banking stocks have the potential to move up further. Large delivery-based buying is happening in this segment," they added.
![](https://portfolio.investmentguruindia.com/uploads/news/telangana22.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Manoranjan Sharma, Infomerics Ratings.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Manoranjan Sharma, Infomerics Ratings.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/india22.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Manish Chowdhury.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Suman Bannerjee.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/farm22.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/karnal22.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Shrey Jain.jpg)
Tag News
Sensex ends lower ahead of Union Budget 2024-25
![Daily Market Analysis : The markets began the week on a subdued note and ended nearly unchanged, reflecting caution ahead of the Union Budget Says Mr. Ajit Mishra, Religare Broking Ltd](https://portfolio.investmentguruindia.com/uploads/news/Ajit Mishra.jpg)
![Post Market Comment by Mandar Bhojane, Research Analyst, Choice Broking](https://portfolio.investmentguruindia.com/uploads/news/Broker _26.jpg)
![Mid-Market Comment by Mr Shrey Jain, Founder and CEO SAS Online - India's Deep Discount Broker](https://portfolio.investmentguruindia.com/uploads/news/Shrey Jain.jpg)