Market LIVE: Sensex, Nifty erase opening gains; Metal, Energy stocks lead

Opening Bell

Stock market live updates: The key benchmark indices started Friday’s session with nominal gains ahead of the RBI’s crucial monetary policy announcement. The BSE Sensex rose 230 points to 59,265, and the NSE Nifty gained 65 points to reach above 17,700. 

Ultratech Cement, Tata Steel, Wipro, HUL, Maruti, Asian Paints and Dr Reddy's were the top winners, leading the upmove on Sensex, while Coal India, Adani Ports, JSW Steel, and BPCL led gains on the Nifty. 

On the other hand, M&M, Tech M, TCS, HDFC twins, IndusInd Bank, Cipla and ICICI Bank were the top losers across the two indices. 

The broader markets also opened in green and rose higher than the frontline indices. The BSE MidCap and SmallCap indices rose up to 0.64 per cent higher.

Sectorally, the FMCG, Metals and Energy indices on the Nifty were firmly higher, leading gains. While, Banks, Financials, IT, Realty and Auto were flat to marginally positive. 

Among stocks, Sterling and Wilson Renewable Energy was up 2 per cent on the BSE. The company has significantly narrowed down its quarterly loss to Rs 157.81 crore for the March quarter vs a loss of Rs 467.06 crore in the same quarter a year ago.

Hester Biosciences was also up 3 per cent on the exchange after it announced on Thursday that it has received approval for grant of Rs 60 crore from Biotechnology Industry Research Assistance Council (BIRAC).