Equity benchmarks started trade on a positive note on January 16 amid a positive global market trend and buying in IT counters.
BSE’s 30-share benchmark Sensex climbed 325.59 points to 60,586.77 in early trade. The broader NSE Nifty rose 93.05 points to 18,049.65.
From the Sensex pack, Wipro, HCL Technologies, Bajaj Finance, Bajaj Finserv, UltraTech Cement, Infosys, Tata Consultancy Services, Kotak Mahindra Bank, Tech Mahindra and State Bank of India were among the major winners.
Wipro climbed 1% in early trade after announcing its December quarter earnings after trading hours on Friday.
Wipro on Friday reported a better-than-expected 2.8 per cent rise in consolidated net profit for the December 2022 quarter at ₹3,053 crore and expressed optimism about “strong” bookings for the fourth quarter despite global headwinds.
Mahindra & Mahindra, Tata Steel, NTPC, Maruti and Tata Motors were among the Sensex constituents.
Elsewhere in Asia, equity markets in Seoul, Shanghai and Hong Kong were trading in the green, while Tokyo recorded losses.
Markets in the US closed in a positive range on Friday.
International oil benchmark Brent crude fell 0.54% to $84.82 a barrel.
On Friday, the Sensex closed at 60,261.18, up 303.15 points or 0.51%. The Nifty closed at 17,956.60, up 98.40 points or 0.55%.
Foreign institutional investors (FIIs) sold shares worth Rs 2,422.39 crore on Friday, according to exchange data.