Wipro was the top gainer in the pack, rallying 3.61%, followed by Tech Mahindra, Infosys, HCL Tech, IndusInd Bank, Tata Steel and TCS.
Wipro was the top gainer in the pack, rallying 3.61%, followed by Tech Mahindra, Infosys, HCL Tech, IndusInd Bank, Tata Steel and TCS.
Equity benchmark Sensex climbed 809.64 points in opening trade on Friday, helped by heavy buying at IT counters amid a rally in global markets after encouraging US inflation data.
Traders said a firming rupee against major peers and continued buying by foreign funds led to the rise.
The 30-share BSE index was trading 809.64 points or 1.34% higher at 61,423.34 in opening deals. Similarly, the broader NSE Nifty rose 239.70 points or 1.33% to 18,267.90.
All the constituents of the Sensex were trading in the green. Wipro topped the pack with a gain of 3.61%, followed by Tech Mahindra, Infosys, HCL Tech, IndusInd Bank, Tata Steel and TCS.
The 30-share BSE benchmark had closed 419.85 points or 0.69% lower at 60,613.70 in the previous session on Thursday. The broader NSE Nifty also closed 128.80 points or 0.71% lower at 18,028.20.
Financial markets rallied after the US consumer price index declined to 7.4% in October from 8.2% in September. Markets were tense after the US Federal Reserve signaled further tightening of interest rates to fight inflation. Current US inflation data points to an early end to the interest rate hike cycle.
In Asian markets, shares in Tokyo, Shanghai, Seoul and Hong Kong were trading with significant gains.
Equities on Wall Street closed sharply in the overnight session on Thursday.
The rupee rose 64 paise to ₹80.76 against the US dollar in early trade on Friday.
Foreign institutional investors (FIIs) remained net buyers in the Indian capital market on Thursday as they bought shares worth Rs 36.06 crore, according to exchange data.
International oil benchmark Brent crude was trading 0.36% higher at $94.01 per barrel.