Sensex, Nifty trade in green; Jaypee Infratech tumbles by 2%

The Dalal Street opened in green on Friday's trading session with Sensex trading at 31,739.06 above 77 points or 0.24% and Nifty at 9,958 higher by 28 points or 0.28%. 

In pre-opening market, the 31-scrip was trading below 31,700-mark and that of 51-scrip hovering below 9,959-level. 

Gainers on BSE were Larsen & Toubro trading at Rs 1,142.15 per piece up 1.39%, followed by Lupin at Rs 985.20 per piece (0.78%), Adani Ports at Rs 390.75 per piece (0.72%), Tata Steel at Rs 659.05 per piece (0.69%) and Coal India at Rs 254.60 per piece (0.63%). 

While losers were Dr Reddy's Laboratories (Rs 2,216 per piece), Asian Paints (Rs 1,195.35 per piece), Axis Bank (Rs 495 per piece), Kotak Mahindra Bank (Rs 993.85 per piece) and Hindustan Unilever (Rs 1,208 per piece) trading negative in the range of 0.08% - 0.40%. 

Share price of Jaypee Infratech has tumbled over 2% after when IDBI Bank on September 07, asked the Supreme Courth to vacate its stay order on NCLT's insolvency proceedings against the company. 

At 0933 hours, Jaypee was trading at Rs 16.95 per piece down 1.74% on BSE. 

Analysts at Motilal Oswal said, "Sectors like financials, metals and auto continueto look positive. Infrastructure, defense spaceremains interesting. Cement as a space could alsocontinue to see investment interest as it will bekey beneficiary."

Meantime, Indian Rupee was trading at 63.881 down 0.085 paisa or 0.13% against US benchmark dollar index. 

Asian shares edged up as investors kept a wary eye on another U.S. storm, while the dollar skidded after European Central Bank chief Mario Draghi suggested the bank may begin tapering its massive stimulus programme this autumn, reported in Reuters.