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India’s benchmark Sensex and Nifty Indices gained 1% each led by gains in the banking and metal companies. However, investors are cautious ahead of the US non-farm payrolls data due later on Friday. Investors are also cautious ahead of the Reserve Bank (RBI) of bi-monthly policy due on 9 August. According to rating agency ICRA, RBI may not cut rates in this policy, but a 0.25% cut is on cards this year. It said the RBI is expected to keep rates unchanged for now as CPI inflation at around 5.8% in June is close to upper end of RBI’s target of 4% (+/-2%).

Here are the updates:

2:10pm: The rupee is trading at 66.78 a dollar, up 0.22% from its previous close of 66.92. The rupee opened at 66.92 a dollar and touched a high and a low of 66.75 and 66.92, respectively.

2:00pm: BSE Sensex rises 230 points or 0.86%, to 27,952.26, while the Nifty jumps 90 points, or 1.09%, to 8,644.10.

1:20pm: Shares of cement companies are trading higher. ACC Ltd rises 3%, Andhra Cements Ltd 1.5%, Shree Cements Ltd 1%, Burnpur Cement Ltd 2.7%, Deccan Cements Ltd 2.1%, Heidelbergcement India Ltd 5.5%, Deccan Cement Ltd 2.1%, India Cement Ltd 6.22%, Ambuja Cements Ltd 4%.

1:10pm: Shares of movies and entertainment companies are trading higher. PVR Ltd rises 11%, Eros International Media Ltd 2%.

1:00pm: BSE Sensex rises 238 points or 0.86%, to 27,953.02, while the Nifty jumps 93 points, or 1.10%, to 8,644.95.

12:45pm: Stocks of tyre companies are trading higher. JK Tyre and Industries Ltd rises 11%, Ceat Ltd 5.5%, Apollo Tyres Ltd 9%, MRF 4%.

12:35pm: Muthoot Finance Ltd falls 2.4% to Rs.352.95. According to CNBC TV, Tax officials have searched premises of Muthoot Group and Officials.

12:30pm: SpiceJet Ltd rises 1.6% to Rs.62.35. SpiceJet Ltd and its owner Ajay Singh on Friday moved the Delhi high court in appeal against a 29 July ruling over a share transfer dispute with KAL Airways Pvt. Ltd.

12:25pm: Tata Steel Ltd rises 1.5% to Rs.381.90. The stock gained over 6% in last two days and so far this year it gained 47%.

12:20pm: Tata Motors Ltd rises 1.2% to Rs.508. The stock gained over 5% in last two days and so far this year it gained 29%.

12:15pm: BSE Sensex rises 280 points or 1.04%, to 28,003.69, while the Nifty jumps 94.45 points, or 1.10%, to 8,645.55.

12:10pm: Mayur Uniquoters Ltd rises 5% to Rs.431 after the company said its board will meet on 10 August to consider share buyback.

12:05pm: Realty stocks are trading higher. Godrej Properties Ltd rises 3.7%, Prestige Estate Ltd 3%, NBCC India Ltd 2.1%, Unitech Ltd 2%, Sobha Ltd 1.8%, HDIL 1.4%, Oberoi Realty Ltd 1.3%, Omaxe 0.9%.

11:55am: Rico Auto Industries Ltd rises 3% to Rs.55.10. Since 1 August, the stock gained 26% and so far this year it rose 16%.

11:50am: GlaxoSmithKline Consumer Healthcare Ltd falls 2.1% to Rs.6,220. The company has posted a net profit ofRs.160.61 crore in June quarter as compared to 156.05 crore a year ago. Total income fell to Rs.1,118.56 crore in June quarter as compared to Rs.1,128.87 crore a year ago.

11:45am: Siemens Ltd rises 1% to Rs.1,267. The company declared a special dividend of Rs.27.50 a share for financial year 2015-16.

11:40am: BSE Sensex rises 300 points or 1.09%, to 28,016.03, while the Nifty jumps 95 points, or 1.11%, to 8,646.20.

11:25am: Steel Strips Wheels Ltd rises 4.1% to Rs.513. The company said in a notice to BSE that it won $55 million exports business from US.

11:25am: Stocks of auto companies are trading higher. Eicher Motors Ltd rises 3.2%, Hero MotoCorp Ltd 2.8%, Bajaj Auto 2.7%, Mahindra and Mahindra 1.7%, Tata Motors Ltd 1.1%, Maruti Suzuki India Ltd 1.1%, Ashok Leyland Ltd 1%.

11:20am: Reliance Industries Ltd rises 1.1% to Rs.1,004.10. The pay package of India’s richest man, Mukesh Ambani, remained capped at Rs.15 crore for fiscal year 2016, the eighth year in a row, while the rest of the top brass at RIL took home hikes.

11:15am: Adani Power Ltd rises 1% to Rs.26.55. Rating agency CARE has cut long term rating of Adani Power Ltd to BBB- from BBB.

11:10am: Dhanlaxmi Bank Ltd rises 0.9% to Rs.23.50. Rating agency CARE has cut the Dhanlaxmi Bank’s upper tier II bonds to Default rating from BB.

11:05am: BSE Sensex rises 290 points or 1.05%, to 28,004.71, while the Nifty jumps 85 points, or 1.05%, to 8,636.75.

10:50am: Tata Chemicals Ltd rises 1.6% to Rs.463.10 ahead of its June quarter earnings. According to 6 Bloomberganalyst, the company may post net profit of Rs.217.10 crore while net sales will be at Rs.4,241.80 crore.

10:45am: Pfizer ltd rises 0.7% to Rs.1,960 ahead of its June quarter earnings. According to 3 Bloomberg analyst, the company may post net profit of Rs.67.27 crore while net sales will be at Rs.525.30 crore.

10:40am: HT Media Ltd rises 1.6% to Rs.83.85 ahead of its June quarter earnings. According to 9 Bloomberg analyst, the company may post net profit of Rs.28.19 crore while net sales will be at Rs.6.21 crore.

10:30am: BSE Sensex rises 280 points or 1.04%, to 28,003.70, while the Nifty jumps 90 points, or 1.05%, to 8,641.10.

10:20am: Bharat Forge Ltd rises 2% to Rs.737.40. The company reported a net profit of Rs.122 crore in June quarter as compared to Rs.196 crore a year ago. Total Income fell to Rs.957 crore against Rs.1,190 crore a year ago.

10:15am: Bharat Electronics Ltd rises 1.5% to Rs.1,248.45 ahead of its June quarter earnings. According to Bloomberg report, the company may post net profit of Rs.46.60 crore while net sales will be at Rs.1,176.10 crore.

10:10am: Credit Analysis and Research Ltd rises 0.7% toRs.1,046 ahead of its June quarter earnings. According to 8Bloomberg analyst, the company may post net profit ofRs.19.20 crore while net sales will be at Rs.51.20 crore.

10:05am: EID Parry India Ltd rises 1.3% to Rs.262.90 ahead of its June quarter earnings. According to Bloomberg analyst, the company may post net loss of Rs.8.50 crore while net sales will be at Rs.530.10 crore.

10:00am: Banking stocks ares trading higher. Allahabad Bank rises 2.8%, Bank of Baroda 2%, ICICI Bank 1.7%, Canara Bank 1.7%, Corporation Bank 1.6%, Union Bank of India 1.6%, Oriental Bank of Commerce 1.5%, Bank of India 1.5%, South India Bank 1.4%, Punjab National Bank 1.4%, Axis Bank 1.4%, State Bank of India 1.2%.

9:55am: Metal stocks are trading higher after government extends minimum import price. Hindustan Zinc Ltd rises 2.5%, Jindal Steel and Power 2.1%, Hindalco Industries Ltd 1.6%, Tata Steel Ltd 1.5%, Bhushan Steel Ltd 1.1%, Steel Authority Of India 1.7%, Vedanta Ltd 1.7%.

9:50am: BSE Sensex rises 230 points or 0.85%, to 27,951.93, while the Nifty jumps 72.70 points, or 0.85%, to 8,623.80.

9:35am: Suzlon India Ltd rises 6.1% to Rs.17.30. According toReuters report Suzlon Energy Ltd hopes to exit a process of corporate debt restructuring by March 2017, its chairman said on Thursday, a turnaround for a company that four years ago reeled under heavy debt after an ill-advised overseas expansion.

9:30am: Thomas Cook India Ltd rises 4% to Rs.204.70. The company said its net profit rose 55.78% in June quarter toRs.62.02 crore as compared to Rs.39.81 crore a year ago.

9:25am: Snowman Logistics Ltd falls 6.3% to Rs.74 after the company reported a 67.22% decline in its net profit in June quarter to Rs.1.79 crore as compared to Rs.5.46 crore a year ago.

9:20am: Deepak Nitrite Ltd rises 2.3% to Rs.103.80 after the company said its net profit rose 230% in June quarter toRs.67.86 crore as compared to Rs.20.56 crore a year ago.

9:15am: Tanla Solutions Ltd rises 8.1% to Rs.37.20. The company said its net profit rose 30.66% in June quarter toRs.4.05 crore as compared to Rs.3.10 crore a year ago.

9:10am: The Indian rupee on Friday was trading marginally higher against the US dollar, tracking gains in its Asian peers ahead of non-farm payrolls data due later on Friday.

9:15am: The rupee opened at 66.92 a dollar. At 9.10am, the home currency was trading at 66.87 a dollar, up 0.06% from its previous close of 66.92.8:55am: Asian shares joined a rise in global stock prices on Friday after the Bank of England (BoE) launched a potent post-Brexit stimulus campaign, but some caution before a big US jobs report limited gains.

8:50am: The Dow Jones industrial average fell 2.95 points, or 0.02%, to close at 18,352.05, the S&P 500 gained 0.46 point, or 0.02%, to finish at 2,164.25 and the Nasdaq Composite added 6.51 points, or 0.13%, to end at 5,166.25.