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Ahead of its earnings, shares of the company end 0.5% higher on the National Stock Exchange at Rs 3,838.75. In the June quarter, the stock has gained more than 14% and scaled an over 6-month high of Rs 4,150 last month.

A US judge said on Thursday that Ripple Labs Inc did not violate securities law by selling its XRP token on public exchanges. The case marks the first win for a cryptocurrency company in a lawsuit brought by the US Securities and Exchange Commission.

While topline growth was muted, the JSW Group company’s operating profit, calculated as earnings before interest, taxes, depreciation and amortization (EBITDA), increased 18% YoY to 1,307 crore, driven by contribution from Mytrah and renewable energy capacity additions.

The Dow Jones Industrial Average rises 30.19 points, or 0.09%, at the open to 34,425.33

According to block deals data available with the exchanges, Fidelity bought a combined stake of 0.32% or 11.82 lakh shares. The transaction was done at a weighted average price of Rs 1,155 apiece.

As far as levels are concerned, 19400-19300 is likely to cushion any short-term blip, while the sacrosanct support lies around the bullish gap of 19200. The next pitstop could be seen around 19650-19700 on an immediate basis, said Osho Krishan of Angel One.

Borrowing against units should generally be used for meeting short-term fund requirements only and not for creating long-term leverage in the portfolio, says Chief Executive Officer at Trust Mutual Funds

The Nifty Realty index was trading 1.09 per cent up at 539.4.

But both TCS and Wipro recently said that large deal momentum was mostly intact, boosting hopes of growth recovering later this year.

Indian markets ended at fresh lifetime highs on Friday led by a surge in IT stocks.