Sensex and Nifty Trade Higher Amidst Q2 Earnings

Indian equity markets traded in a narrow range on Friday, with the Sensex rising 238.38 points to 74,553.99 and the Nifty50 climbing 82.45 points to 23,079.80 by mid-morning. While the Nifty IT index led gains, broader markets saw the Nifty MidCap and SmallCap indices decline by 0.35 per cent and 0.18 per cent, respectively.

Investors are currently assessing global cues and ongoing second-quarter earnings reports from major firms like PNB and DLF. Meanwhile, several companies, including Tonbo Imaging India and Zetwerk, continue their initial public offering subscription periods in the primary market.

Editor's note: Correctly reports the market indices and notes the primary market activity and earnings reports.