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Stocks that were in focus include names like SBI Life, which rose 3% and DMart, which gained 1% and LTIMindtree, whose shares jumped 2.5% on Thursday.
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Spot gold was flat at $2,715.21 per ounce as of 0047 GMT, hovering near a more than one-month peak hit on Thursday. Bullion has gained about 1% so far this week.
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This will be the second instance of the company splitting its stock. Prior to this, Nava had split its stock from a face value of Rs 10 per share to Rs 2 per share in August 2005, according to the Trendlyne data.
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