FIRST TRADE: Indices open in green, snapping six-day losing streak; Sensex up over 250 pts, Nifty above 18,900

Stock market today: The Indian share markets on Friday, October 27, edged higher, snapping the six-day losing streak amid broad-based buying and as U.S. Treasury yields retreated following weaker-than-expected inflation data.

Last seen, the S&P BSE Sensex was up 340.59 points, or 0.54 per cent, at 63,488.74, and the NSE Nifty was up 90.35 points, or 0.48 per cent, at 18,947.6.

In the broader market, the Nifty Mid Cap 100 and Small Cap 100 opened in positive territory.

High-beta Nifty Bank was up 0.68 per cent at 42,565.75.

BUZZING STOCKS 

Shriram Finance shares traded over 7 per cent higher after the company reported Q2 numbers.

Lemon Tree Hotels shares were up over 4 per cent after the company signed a licence agreement for a 50-room hotel in Visakhapatnam, Andhra Pradesh.

Vodafone Idea shares were up over 1 per cent post-Q2 results.

Ugro Capital shares traded over 3 per cent higher post-Q2 numbers.

Home First Finance Company shares were up over 2 per cent after posting mixed results.

Laxmi Organic Industries shares were up 2 per cent after posting good quarterly results.

Railtel Corporation shares were up over 3 per cent after posting Q2 results.

Conversely, Prudent Corporate Advisory Services shares were down over 2 per cent after posting mixed results.

GLOBAL MARKETS 

Asian shares tracked Wall Street futures higher on Friday as Amazon provided some welcome earnings relief, while bonds were able to sustain a rally amid signs that U.S. inflation was easing.

S&P 500 futures rose 0.4 per cent while Nasdaq futures rallied 0.7 per cent, driven by a 5 per cent jump in Amazon shares in after-hours trading. In a statement after the U.S. close, the tech giant predicted higher holiday season sales and stabilisation in its cloud business.

MSCI's broadest index of Asia-Pacific shares outside Japan bounced 0.6 per cent on Friday after hitting a fresh 11-month low a day ago. It is, however, on track for a weekly loss of 1.2 per cent.

(with agency inputs)

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