Market Update: CNX Metal outshines as SAIL, JSPL gain over 3%; Infosys up 1% ahead of Q4

The Indian equity market continued trading on a positive note on Friday afternoon, with the Nifty up 21 points at 10,479 and the Sensex up 90 points, or 0.27 percent, at 34,202.

The CNX IT index was up 0.64 percent, led by gains in Tech Mahindra and Wipro, which gained over 2 percent each. Mindtree and KPIT Tech were up 1 percent each.

CNX Metal gained 0.7 percent, led by gains in Steel Authority of India, which jumped 3 percent, while Jindal Steel and Power, NMDC and Welspun Corp were the other gainers.

Ahead of its Q4 results, due later in the day, Infosys was trading in the green and was up by around 1 percent in afternoon trade.

The top gainers on the Nifty were Adani Ports, which gained 2 percent, Hindalco Industries, Wipro, Tech Mahindra and Eicher Motors.

The most actively traded stocks on the Nifty included TCS, followed by State Bank of India, Infosys, Reliance Industries and ICICI Bank.

The top gainer on BSE was Indiabulls Ventures, which was up nearly 20 percent, followed by Chambal Fertilizers, Glenmark Pharma and Escorts.

A total of 40 stocks hit new 52-week highs, including Apollo Tyres, Britannia Industries, Escorts, Nestle, IndusInd Bank and Pidilite Industries. On the other hand, Gitanjali Gems, SRS and Vakrangee hit new 52-week lows.

The breadth of the market was largely in favour of advances, with 867 stocks advancing on the National Stock Exchange. Meanwhile, 852 stocks declined and 325 remained unchanged on the NSE.

On the BSE, a total of 1,275 stocks advanced and 1,391 stocks declined, while 144 remained unchanged.

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