Here's how the Markets opened today

Markets showed modest gains in early deals on Friday as traders bought into beaten down blue chips in the Index that has lost more than 2 percent this week. Stocks may consolidate at current levels as global markets stabilise.

The Nifty gained 43 points to 8,399 in initial trades. The Advance-Decline Ratio was at a strong 39/11 with Cipla, Idea, Asian Paints, Sun Pharma and Bharti Airtel taking the first five slots on the upper rack. Cairn, NMDC, Axis Bank, GAIL and Tech Mahindra were on the loser's side of the table.

Major indices showed upticks in early morning trades. The CNX 100, CNX 200 and CNX 500, CNX Nifty Junior, the mid cap and small cap indices rose between 0.6-0.9 percent in the first half hour of trade on the NSE. The Bank Nifty added 63 points to its tally at 18,238. CNX Pharma, CNX Media, CNX Energy and CNX Auto Indices exhibited upward movements in early Friday deals. The indices under selling pressure were CNX FMCG and CNX Metals.

And on the Bombay Stock Exchange, the Sensex was up 146 points at 27,695 in initial trades. As a consequence, the Advance-Decline Ratio stood at 23/7. Vedanta, Sun Pharma, Cipla, Bharti Airtel and Lupin gained ground on the Sensex whereas Axis Bank, GAIL, Hind Unilever and ITC slipped in trade.

The Futures and Options market had a strong start. Adani Ports rose for a second day, Glenmark, DLF, Vedanta and Indiabulls Housing futures rose in early deals. On the losing side were Jindal Steel, Britannia, Jubilant Foods and NMDC. The Advance-Decline Ratio, meanwhile, stood at 132/26, giving bulls the upper hand.

The broader market saw bulls assuming control in the first 20 minutes of trade with 1,005 shares rising compared with 628 that fell.

Abbott India, Adani Ports, Glenmark and Infosys hit fresh highs on the National Stock Exchange and Dalmia Bharat, Alkyl Amines, Jindal Poly Films and Den Networks made it to the top volume buzzers list on the NSE.

Image credit: Indiatimes