NEW DELHI: The S&P BSE Sensex started on a cautious note on Friday, weighed down by losses in ITC, Infosys, TCS, ICICI Bank and HDFC Bank.
The 50-share Nifty index was trading with a negative bias, but above its crucial psychological level of 8550, supported by gains in pharma, metals, and oil & gas stocks.

Banco Products gained over 7 per cent while Oracle Software was up over 3 per cent. Timex plunged over 11 per cent while Jaypee Infra fell over 7 per cent. Vedanta gained about 3 per cent in trade. Bombay Dyieng fell over 4 per cent while Praj Inds plunged over 6 per cent. Tata Motors and M&M were trading flat ahead of Q1 results.

Cues from Asian markets were mixed. China’s Shanghai Composite rose 1.6 per cent, while Hong Kong’s Hang Seng was up 0.7 per cent. Japan’s Nikkei edged 0.3 per cent lower. In its policy review, Bank of Japan (BoJ) has retained plans for ¥80 trn annual rise in its monetary base. Korea’s Kospi inched 0.2 per cent lower.

Source : http://economictimes.indiatimes.com/markets/stocks/news/sensex-starts-on-a-cautious-note-nifty-rangebound-vedanta-up-3/articleshow/48385279.cms