Sensex, Nifty Little Changed; Wipro Rallies After March Quarter Earnings

Nine of 11 sector gauges compiled by the National Stock Exchange were trading higher led by the Nifty IT index's 0.65 per cent gain.

The Indian equity benchmarks edged higher on Friday led by gains in HDFC, HDFC Bank, Infosys, Kotak Mahindra Bank and ITC. The Sensex rose as much as 194 points and Nifty 50 index briefly moved above its important psychological level of 14,600. Meanwhile, a batch of Chinese and U.S. economic data helped underpin global stocks near record highs on Friday, as investors priced in a solid global recovery from the coronavirus-induced slump. In Asia, markets were largely steady after China reported a sharp acceleration in first quarter growth, though the reading slightly undershot expectations while retail sales bounced strongly last month. Back home, nine of 11 sector gauges compiled by the National Stock Exchange were trading higher led by the Nifty IT index's 0.65 per cent gain.