Bharti Airtel, Axis Bank, Hindalco and Mahindra & Mahindra were the top gainers, while Wipro, NTPC, Lupin and HPCL lost the most. Infosys is also trading over 1 percent higher.

ICICI Bank was trading over 1 percent higher in morning trade ahead of March quarter results, which will be declared later in the day.

It has touched an intraday high of Rs 287.45 and an intraday low of Rs 282.95.

A more than doubling in provisions for bad loans is seen pulling ICICI Bank’s March quarter net profit down by 52.7 percent in net profit year-on-year to Rs 955.7 crore, according to a Reuters poll. India’s largest private sector lender had reported a bottomline of Rs 2,024.60 crore in the same quarter a year ago.

Benchmark indices BSE Sensex and NSE Nifty opened higher on Monday, with the 30-share index rising over 100 points and Nifty 50 trading near 10,650. Asian stocks started the week mixed, despite the biggest advance in US shares in almost four weeks. India’s government 10-year bond yield tumbled nearly 13 basis points after the Reserve Bank of India announced open market operations (OMO) next week. Meanwhile, the Indian rupee was trading little changed against US dollar. Here are the latest updates from the markets:
9.53 am IST
PC Jewellers shares jump 17% ahead of board meet
PC Jewellers Ltd shares gained 17% to Rs204 ahead of its board meeting on 10 May where the board will consider buyback of shares.

9.50 am IST
ICICI Bank shares trade higher ahead of Q4 results
ICICI Bank shares rose 0.6% to Rs284.65 ahead of its March quarter earnings. According to 18 Bloomberg analyst estimates, the bank may report a net profit of Rs1,060.80 crore.

9.23 am IST
Sensex, Nifty open higher
BSE Sensex traded higher by 125.45 points, or 0.36%, to 35,040.83, while the Nifty 50 rose 28.65 points, or 0.27%, to 10,646.90.

source: livemint.com