Gold prices eased on Friday on profit-taking, after breaking above $1,300 in the previous session when U.S. President Donald Trump's decision to call off a meeting with North Korean leader Kim Jong Un triggered safe-haven buying.

Spot gold was down 0.2 percent at $1,302.18 per ounce at 0312 GMT, after gaining nearly 1 percent in the previous session in its biggest one-day percentage rise since April 11. It remains on track for a weekly advance.

US gold futures for June delivery fell 0.2 percent to $1,301.80 per ounce.

"It is normal for some profit-taking to ensue after a surge (in prices). Still, gold appears to be anchored in the $1,300-range, especially with the recent uptick in geopolitical tensions," said OCBC analyst Barnabas Gan.

(From Reuters)

Rupee near day's high, at 68.21 against the US dollar.

Market trades positive; GAIL, Hindalco gain.

 The market continues to trade with the BSE Sensex trading at 34,848 points, gaining more than 100 points, while the NSE Nifty is trading at 10,562 points. GAIL, Hindalco are gaining in trade and currently the top index gainers. Vedanta is top index loser amid the anti-Sterlite protests in Tamil Nadu. ONGC is steadily gaining in trade, gaining less than a percent. Tata Steel, Tata Motors, Idea Cellular, are among the other top index gainers. 

TCS market cap crosses Rs 7 lakh crore. 

Check out which companies will declare their quarterly earnings today. 

Market opens in the green; IT stocks gain for the second consecutive day. 

The market opened in the green with the BSE Sensex opening at 34,744 points and the NSE Nifty at 10,528 points, holding on to its 10,500-mark. TCS, Infosys are among the IT top gainers while GAIL and Hindalco are also among the gainers. GAIL is gaining despite missing the Street's estimate for its Q4 results while Hindalco is gaining in trade after it said that its subsidiary will invest $180 million-worth aluminium in China. ONGC continues to lose more than 2% over oil tax scare and after reports which claimed that the firm does not have sufficient funds to bridge the rising fuel prices. Vedanta is the top index loser for the second consecutive day as the unrest over the anti-Sterlite protest persists.  

Rupee opens higher, at 68.28 against the US dollar.

WATCH| Trade setup for the market today.