NSE crosses 8600; Tata Motors' shares up ahead of Q1 results

Indian equity markets opened in green on Friday giving a positive start to September derivatives series.

The BSE Sensex opened 84.81 points up, or 0.30% at 27,920.72 while NSE Nifty touched 8600-mark. At 0958 hours, Sensex was at 27,884, up 48.17 points, or 0.17% and Nifty was trading at 8,601.55, up 9.35 points, or 0.11%.

On 30-share benchmark, among the top gainers were Tata Motors (1.65%), Cipla (1.47%), Lupin (0.75%), Mahindra & Mahindra (0.69%) and Hero MotoCorp (0.64%). Among the losers were Adani Ports (-2.21%), Wipro (-0.95%), Asian Paints (0.73%), Larsen & Toubro (0.65%) and Bharti Airtel (0.32%).

The shares of Tata Motors will be in focus today as the company will announce its earnings for the quarter ended on June 30, 2016. During early session, the shares of the company were trading at Rs 502.10 per piece, up 1.69%, or Rs 8.35 on BSE.

Further, the rupee firmed up 7 paise to 66.98 against the dollar in early trade on increased selling of the US currency by exporters and banks.

On the global front, Asian stocks tracked an overnight dip on Wall Street and edged down early in the session, while geopolitical tensions helped shore up crude oil prices, a Reuters report said.

As per the report, the investors are cautious ahead of a speech by Federal Reserve Chair Janet Yellen`s speech at the annual gathering of central bankers in Jackson Hole, Wyoming, limited movements across global markets on Friday.

MSCI`s broadest index of Asia-Pacific shares outside Japan lost 0.2%. Japan`s Nikkei fell 0.4% and South Korea`s Kospi dropped 0.3%.