The Indian market opened mildly positive on Friday, tracking mixed Asian cues. Investors traded cautiously ahead of the quarterly results of Infosys while responded to the results of IT major Tata Consultancy Services (TCS).

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NSE

The Sensex gained 47 points, or 0.13 percent, at 36,153.60 in early trade, while the Nifty started below 10,850 mark, mildly up by 7.40 points, or 0.07 percent, at 10,829. Broader markets were also mildly up with the Nifty MidCap up by 0.13 percent in initial trade.

BSE Consumer Durables was leading the 20 advancing sectors, while BSE Oil & Gas dipped by 0.81 percent, the weakest among 23 falling sectors. BSE Bankex, Nifty Bank, Nifty Finance and BSE Energy were other top laggards.

Shares ofTata Consultancy Services

dipped 1.5 percent in initial trade on Q3 results. The company's consolidated margin contracted and missed the view with many brokerage firms revising their price target for the stock.

Apart from TCS, HCL Technologies, Bharti Infratel, Bharti Airtel and Tech Mahindra stocks dipped between 0.63 percent and 0.92 percent.

Bharti Airtel shares slipped as Bank of America Merill Lynch downgraded the stock. Likewise, Bandhan Bank shares also declined nearly 2 percent on Macquarie downgrading the stock.

Infosys shares were marginally up ahead of its October-December quarter resuts later in the day with the company also considering a share buyback proposal.

Tata Motors shares jumped 0.9 percent while JSW Steel, ONGC, BPCL and Tata Steel were other major gainers.

From the midcap space, Eveready shares jumped 12 percent after reports said promoter BM Khaitan is looking to sell company for paring debt at an enterprise value of Rs 3,000-4000 crore.

Indianrupee opened slightly higher against the greenback on Friday, as the dollar softened a touch following US Federal Reserve Jerome Powell's comments coupled with lower oil prices. The rupee opened unchanged at 70.41 per US dollar.

In Asian markets, Japan's Nikkei traded higher by 0.71 percent, while Hong Kong's Hang Seng was mildly up by 0.13 percent. South Korea's Kospi gained 0.36 percent.

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