Indices were trading higher on Friday, reacting positively to March quarter numbers and taking cues from Asian peers
The S&P BSE Sensex was trading over 240 points or 0.65 per cent higher at 37,635 levels while the NSE’s Nifty50 index was ruling at 11,322, up 65 points or 0.58 per cent.
HDFC, Bajaj Finance, HUL, ITC and Reliance Industries were the top contributors to the Sensex’s rally.
Among sectors, Nifty Realty, Bank, Financials and FMCG were trading higher while IT, metals and pharma counters suffered losses.
Asian shares were trying to hold steady on Friday. MSCI’s broadest index of Asia-Pacific shares outside Japan inched up 0.1 per cent and were off a 15-week trough.
Japan’s Nikkei bounced 0.7 per cent in early trade, while the main Australian index added 0.5 per cent.
In commodities, oil prices rose again on Friday and were on track for the first weekly gains this month, as rising tensions in the Middle East stoked fears of supply disruptions.