State Bank of India emerged the top gainer on the BSE at mid-session on Friday. The scrip was trading at Rs 297.05 as against Rs 284.40 at close on Thursday. This represented a gain of 4.45 per cent.
The bank reported a 30% rise in net profit to Rs. 2,910 crore in the quarter ended December 2014, from Rs. 2,234 crore in the year-ago period, lagging estimates, although bad loans rose less than feared.
TCS traded up 2.64 per cent to quote at Rs 2,527.70. The share had closed yesterday’s session at Rs 2,462.80.
Sun Pharma rose 2.59 per cent to trade at Rs 947 as against Rs 923.05 at close overnight.
Wipro, the other IT stock among the top gainers during the session, was trading at Rs 659.35 as against Rs 646.45 at close on Thursday.
M&M sped up 1.68 per cent to quote at Rs 1,153 as against Rs 1,134 at close yesterday.
In the broader market, the Sensex and the Nifty were trading in positive territory on firm global cues, though a higher inflation number and a drop in the index for industrial production kept a lid on gains. The Sensex gained over 90 points to once again edge closer to the 28,900 level, while the Nifty rose nearly 40 points to eye the 8,750 mark.