Epic Update InfosysThe market is gradually picking up pace with support from technology, metals and oil & gas stocks.
The Sensex is up 242.16 points or 0.9 percent at 26102.33, and the Nifty is up 87.85 points or 1.1 percent at 8053.35.
About 1638 shares have advanced, 409 shares declined, and 125 shares are unchanged.
Infosys, TCS, GAIL, Tata Steel and Wipro are top gainers while Tata Motors, Bharti Airtel, Dr Reddy’s, ICICI and Reliance are losers in the Sensex.
The Reserve Bank of India intervened heavily in morning trade on Friday as the rupee fell to around 68.65 per dollar, approaching the record low hit in the previous session, traders said.
The intervention sparked a sharp rebound in the rupee, which was trading at 68.4750 per dollar as of 0432 GMT, up from its 68.7350 close on Thursday.
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