Friday, the Indian market is trading sharply higher, in tandem with the other Asian markets, after stocks on Wall Street rose for a third day overnight. Stocks across the sectors are showing handsome gains. Realty, banking and IT stocks are leading the rally. Twenty-eight out of 30 Sensex stocks are trading in positive territory, with NTPC and Bharti Airtel trading in the red.
After opening sharply higher at 8,481, the BSE Sensex rose further on heavy buying in index heavyweights. The index is now trading near the day's high of 8,570, up 226 points or 2.71% over the previous close. Meanwhile, the S&P CNX Nifty is trading at 2,675, up 2.18%.
On the BSE, the market breadth is extremely positive, with 1076 advancers compared to 429 stocks that are declining. The small-cap index is rising 1.44%, the mid-cap index is adding 2.01% and the broad-based BSE 500 index is moving up 2.55%.
Among the major gainers, DLF is surging up 9.68%, ICICI Bank is climbing 6.67%, Tata Motors is jumping 5.24%, Reliance Communication is rallying 5.17% and HDFC is adding 5.12%.
Mahindra & Mahindra, Reliance Infrastructure, Tata power, Infosys, Reliance Industries, Jaiprakash Associates, Sterlite Industries, Larsen & Toubro, Wipro and Tata Steel are the other prominent gainers.
Reliance Industries is rising 3.30% following reports that it has resumed crude oil production from the MA field in the KG-D6 block after a three-month shutdown.
Larsen & Toubro is gaining 3.02% and Tech Mahindra is up 1.08% after the companies registered their interest in bidding for Satyam Computers. However, Satyam Computers is losing 5.30% amid reports that HP and IBM, two of the world's biggest IT services companies stayed away from the bidding process.
Reliance Capital is moving up 5.70% following reports about its foray into the international forex business. Vishal Retail is moving up 3.21% on reports that it could shut down more stores to save cash and carry inventory in the next 6 months due to a cash crunch and sales slowdown
BHEL is up 2.21% on reports that it may join the consortium of Areva and Bharat Forge for its proposed nuclear forging business. According to the report, the company is planning to invest around Rs.500 crore in its forging and casting business.
Financial Technologies is advancing 1.83% after the company repurchased zero coupon foreign currency convertible bonds aggregating to US$ 3 million at a discount of 37.73% on accreted value. Pantaloon Retail is up marginally on reports that it is de-merging some businesses to unlock value and may go for a preferential allotment of equity to fund its expansion plans.
Strides Arcolab is jumping 9.30% after the company ended a "license and supply agreement" with US drug company KV Pharmaceutical Co following certain adverse developments such as recall of products and class actions by shareholders at the US firm.
Commercial vehicle manufacturers, namely Ashok Leyland, Tata Motors and Mahindra & Mahindra are jumping more than 4% each on reports that the government may place immediate orders for vehicles for the requirement of its defence forces.
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April 10, 2026 16:21 ET Inflation data from the U.S. was the main data event this week as the conflict in the Middle East continue. The minutes of the latest Fed policy session and the survey data on the services sector also made headlines. In Europe, manufacturing orders data from Germany was in focus. Price data from China drew attention in Asia.