Shares of fertiliser companies rose 1-9 percent on expectation of strong operations in the coming years after the government reiterated its commitment to increase farm income. UPL surged 4.52 percent to trade at Rs 735.45, adding Rs 31.80 in value. The stock hit an intra-day high of Rs 736, after opening at Rs 710. Rashtriya Chemicals and Fertilizers ltd shares were up 9.28 percent rising to Rs 74.20 on the NSE at 1.43 pm. It touched an intra-day high of Rs 79.60, after opening at Rs 79.25. Fertilizers and Chemicals Travancore ltd shares surged 10.67 percent to Rs 47.20. The scrip opened at the day's low of Rs 44 and hit an intra-day high of Rs 50.80. National Fertilizers ltd rose 4.92 percent to trade at Rs 46.95. It hit an intra-day high of Rs 49.95, after opening at Rs 46.60. Shares of Nagarjuna Fertilizers and Chemicals ltd rose 4.86 percent to Rs 12.95. Madras Fertilizers Ltd rose 1.78 percent to Rs 25.75. It hit an intra-day high of Rs 27.05. Gujarat State Fertilizers & Chemicals ltd climbed 2.67 percent to Rs 113.30.

State-owned construction company NBCC (India) Ltd’s shares rise as much as 5.3 percent to Rs 70.4 in biggest daily percent gain in a week. Stock among top percent gainers on Nifty PSE index. Shares traded at Rs 69.35, rising by 3.74 percent at 1.05 pm on the NSE. The company is going to buy out 100 percent government stake in hospital services consultancy firm HSCC for Rs 2.85 billion ($39.7 million), it said here on Thursday. Separately, India’s top court has selected NBCC to construct the stalled projects of real estate firm Amrapali, media reports said on Thursday. NBCC was not immediately available for comment. Over 3.6 million shares traded at 1.05 pm, compared with their 30-day average of 5.1 million shares. Stock has fallen over 45 percent this year, as of last close. Benchmark equity indexes traded higher as rupee extended gains. The NSE Nifty 50 traded at 11,473.50, rising by 103.60 points, or 0.91 percent at 1.10 pm, while the BSE Sensex crossed the 38,000 mark, trading at 38,002.37, surging by 284.41 points, or 0.75 percent. (Reuters)

Shares of Vedanta rose 3.5 percent to Rs 231.45 after the mining giant said it has discovered a hydrocarbon block at the A3-2 well of Krishna-Godavari basin in the Bay of Bengal. Vedanta, however, said the company would need to run more tests of the oil and gas found to determine the block's commercial viability. The company holds 100 percent participating interest in the block. Over the past 30 days, shares of the company have surged 7 percent, while in 2018 so far, the stock has shed 30 percent. (Cogencis)

Shares of Shriram Transport Finance Co. ltd rose 1.63 percent to trade at Rs 1,196.55, adding Rs 19.20 in value. The stock opened at Rs 1,144 and has ranged between Rs 1,217 and Rs 1,140. Shriram Transport in is focus as the SVL Ltd, holding company of Shriram Group's non-financial businesses is admitted into the bankruptcy process. The stock however is off lows as the amount involved in SVL is unlikely to have meaningful impact on profit and loss of Shriram Transport. 

Sun Pharma shares trade higher by 2.14 percent at Rs 663.80, adding Rs 14 in value. The stock has rnaged between a high of Rs 670.90 and a low of Rs 658, after opening at Rs 665. The pharma firm got a big boost as the US Food and Drug Administration (FDA) approves eye drug, Xelpros from the Halol facility. The approval triggers milestone payment to SPARC and other royalties, also negates concerns on Halol. 

Shares of Balrampur Chini gained 8.46 percent to trade at Rs 84.20, adding over Rs 6 in value. The stock trades above its 20 day, 50 day and 100 day moving average, but lower than 200 day average. After opening at Rs 79.60, the sugar stock has ranged between a high of Rs 85.20 and a low of Rs 78.55 on the NSE. Speaking to CNBCTV18, Balrampur Chini's Vivek Saraogi said that the ethanol hike move by the government is a major positive and can lead to a rise in ethanol capacity by almost 7 crore litres by next year. Also, Saraogi doesn't expect sugar prices to come down anytime soon. Meanwhile, equity indexes have sustained opening gains. The NSE Nifty 50 traded at 11,456 levels, higher by nearly 86 points, or by 0.72 percent at 10.25 am. The BSE Sensex has also sustained gains, trading at 37,923, surging by nearly 205 points, or 0.54 percent. 

Shares of oil marketing companies surged on Friday tracking a 2 percent overnight fall in global crude oil prices as a monthly report showed global supply at record high and as Hurricane Florence weakened ahead of its expected landfall on the US east coast. HPCL gained by 4.01 percent to trade at Rs 250, while ICO shares jumped 2.62 percent to Rs 153. BPCL also rose 3.61 percent to Rs 346.25. Meanwhile, the BSE Sensex traded higher by 208 points, or 0.55 percent, to 37,926.52. The NSE Nifty 50 traded at 11,444.35, up by 74.45 points, 0.65 percent at 9.55 am.