The markets opened on a positive note on Friday (7 May). At 9:18 AM, the Sensex was up 345 points at 49,294 while the Nifty rose 114 points to 14,838.
Financial and banking stocks were among the early gainers. Mahindra & Mahindra, Dr Reddy’s, State Bank of India, and Kotak Mahindra Bank rose 1 percent each. Tech Mahindra, Power Grid and ONGC were among the laggards when the market opened.
#CNBCTV18Market | Indian market starts Friday session with gains following positive global cues pic.twitter.com/vUu4G9sCVW
— CNBC-TV18 (@CNBCTV18Live) May 7, 2021
Today (May 7), around 25 companies including Housing Development Finance Corporation, Dabur India, Kansai Nerolac Paints, Cholamandalam Investment, Navin Fluorine, EIH and Godrej Agrovet, will announce their January-March quarter earnings .
In one of the steepest increases since daily price revision was started, petrol price on Friday was hiked by 28 paise per litre and diesel by 31 paise as oil companies raised rates for the fourth straight day to pass on to consumers the increase in international oil prices.
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