Benchmark indices opened higher on Friday, extending their previous day’s gains, amid inflow of foreign funds and a positive trend in global markets.
The 30-share BSE Sensex rose 431.58 points to reach 60,119.80 in early trade. Similarly, the broader NSE Nifty rose 127.2 points to 17,925.95.
From the Sensex pack of firms, IndusInd Bank, State Bank of India, Tata Steel, Hindustan Unilever, NTPC, Infosys, Dr Reddy’s, Sun Pharma and ICICI Bank were the biggest gainers.
Bharti Airtel, Bajaj Finserv, Nestle India and Bajaj Finance were among the laggards.
Elsewhere in Asia, markets in Shanghai, Tokyo and Hong Kong were trading in the green in mid-session deals.
On Thursday, the US markets closed with gains.
On Thursday, the BSE benchmark ended 659.31 points or 1.12% higher at 59,688.22. Nifty rose 174.35 points or 0.99% to 17,798.75.
Meanwhile, international oil benchmark Brent crude climbed 0.26% to $89.38 a barrel.
Foreign institutional investors (FIIs) were net buyers as they bought shares worth Rs 2,913.09 crore on Thursday, according to exchange data.
Local equity benchmark indices opened strongly with the rally seen in Asian pack and overnight rally in US markets,” said Prashant Taapsee – Research Analyst, Senior VP (Research), Mehta Equities Ltd.
“Positive catalysts such as fall in oil prices and easing in the US dollar index may help maintain optimism,” Mr. Taapsee said.