BSE Sensex rises, while the Nifty 50 trades around 10,250 points. Here are the latest updates from the markets

Benchmark indices traded higher on Friday as prospects of easing political tensions in Korean peninsula sparked gains. BSE Sensex gained over 100 points in opening trade, but soon turned flat, dragged by banking stocks. NSE’s Nifty 50 traded around 10,250 in the morning hours. The Indian rupee strengthened against the US dollar, tracking gains in Asian currencies. Here are the latest updates from the markets:

BSE Sensex traded higher by 119.66 points, or 0.36%, to 33,471.23, while the Nifty 50 rose 36.90 points, or 0.36%, to 10,279.55. Among the sectoral indices on BSE, telecom gained 1.01%, healthcare 0.74%, teck 0.73% and capital goods 0.68%. BSE MidCap and SmallCap rose 0.47% and 0.58%, respectively.

Videocon Industries shares trade higher
Videocon Industries Ltd gained as much as 4.94% to Rs13.39 per share after Mint reported it plans to raise as much as Rs30,000 crore by selling its stakes in oil blocks in Brazil, as part of the debt-laden company’s plan to repay bank loans.

Filatex India shares gain nearly 5%
Filatex India Ltd shares rose as much as 4.93% to Rs169.30 per share after the company has announced that the commercial production of expansion scheme for putting up additional manufacturing facilities for 190 TPD of Bright Polyester Fully Drawn Yarn and 85 TPD of Bright Chip at Dahej unit has commenced on 07 March 2018.

RCom shares fall over 3% after Bombay HC rejects plea
Reliance Communications Ltd shares lost as much as 3.38% to Rs24.30 per share after the Bombay High Court dismissed a plea by Reliance Communications challenging an arbitration tribunal’s order that restrained the sale or transfer of the telco’s assets, hampering the struggling operator’s plan to pare debt.

BSE Sensex traded higher by 103.09 points, or 0.31%, to 33,454.66, while the Nifty 50 rose 25.90 points, or 0.25%, to 10,268.55.

source: livemint.com