Among the sectors, infra, energy and metal are witnessing some selling pressure, while FMCG, IT and pharma indices are trading higher.

Feb 22, 10:06 AM (IST)
Buzzing: Shares of Dynamatic Technologies rose 5.5 percent in the early trade on Friday as company signed a MoU with SAAB Technologies.

The company has signed a Memorandum of Understanding (MoU) with SAAB Technologies with an intent to explore future joint opportunities in commercial and defence related work, including Gripen fighter aircraft.

Feb 22, 09:45 AM (IST)
Bharat Electronics gains 2%: Shares rose as much as 2 percent in early trade after signing an MoU with Nagpur-based JSR Dynamics.

“The MoU aims at leveraging the individual design and manufacturing capabilities of BEL and JSR to develop weapons and light weight cruise missiles,” BEL said in a statement.

Feb 22, 09:33 AM (IST)
Citi on BHEL: Research house maintained neutral call and cut target to Rs 70 from Rs 84 per share. It revises EPS estimates downwards by 8-13% over FY19-21.

Feb 22, 09:18 AM (IST)
Market Opens: Benchmark indices opened flat with negative bias on Friday with Nifty holding above 10,750 level.

At 09:17 hrs IST, the Sensex is down 36.45 points at 35861.90, while Nifty was down 15.10 points at 10774.80. About 400 shares have advanced, 347 shares declined, and 38 shares are unchanged.

Bajaj Auto, Maruti Suzuki, ICICI Bank, HUL, BPCL, HPCL, IOC, HDFC Bank are the top gainers in the morning, while losers is Kotak Mahindra Bank.

source: moneycontrol.com