People walk past the BSE building in Mumbai
People walk past the BSE building in MumbaiReuters

During the pre-opening session at 9 am, Sensex recorded 25,243.97 points with an increase of 42.17 points. In the meantime, S&P BSE 100, Mid Cap, Small Cap and BSE 200 too recorded highs. The market opened higher, tracking signals from global markets as index of global markets recorded highs.

But at 9:15 am on Friday, BSE index opened lower at 25,243.91 points and decreased by 0.06 points. However, NSE index opened higher at 7,546.05 with increase of 5.35 points.

BSE index ended on Thursday at 25,201.80 points with decline of 44.45 points and Nifty too declined at 7,540.70 points by 18 points.

Top gainers from BSE at 9.40 am

Name Last traded price Change Change in percent
Castrol India 318 +8.25 +2.66
Cipla 433 +8 +1.88
JP Power 21.95 +0.40 +1.86
Titan 325.95 +5.65 +1.76
Risil 1736.85 +30.30 +1.78

Top losers from BSE at 9.40 am

Name Last traded price Change Change in percent
Oracle Fin 2880.25 -53.25 -1.82
Apollo Tyres 189.90 -3.25 -1.69
Motherson Sumi 317.30 -5.45 -1.69
Suzlon Energy 27.25 -0.45 -1.62
JUBL Food 1182.40 -18.65 -1.55

But, top five gainers and losers shifted their ranks during trading session.

Suzlon energy on Thursday was among the top gainers, but during opening session on Friday it was in the list of top losers. Meanwhile, Godrej Cons, United Spirits, Reliance Cap, SBI and BPCL were among the top companies that recorded turnover above 7 crore. Godrej Cons topped the list with turnover of ₹40.54 crore during early trade.

At 9:45 am Sensex recorded 25,200.92 points with decrease of 42.99 points versus the opening index at 9.15 am on Friday. In the meantime, Nifty recorded 7,537.20 points with decrease of 3.5 points versus opening index.

According to Reuters, investors are cautious and unwilling to invest more due to concerns over Iraq crises, which raised the prices of crude oil. Brent crude held near $115 per barrel on Friday, close to a nine-month high over increased exports risks from Iraq.

Foreign investors, who have supported for scaling up 21 percent in NSE index so far this year, switched to sell stocks worth ₹4.21 billion ( $70.52 million) on Thursday. Apart from that, Indian government traded securities worth ₹46.35 billion, which involved purchase and selling of securities.

The Securities and Exchange Board of India also proposed to the government to cut rates of listed public-sector firms to raise $10 billion in coming years.

"There will be a lot of demand from foreign investors for these issues," Reuters quoted Naveneet Munot, Chief Investment Officer at SBI funds management in Mumbai."This would be a good way to generate investor interest in India as the world is watching the new government's every move."

Besides, US based Dow Jones index surged 14.84 points to end at 16,921.46 points and the NASDAQ index decreased to 4,359.33 points by 3.51 points.