Equity benchmarks Sensex and Nifty ended over 1% higher on Friday, helped by heavy buying in Infosys and banking stocks amid a rally in global stock markets.
The 30-share BSE Sensex jumped 684.64 points or 1.20% to settle at 57,919.97. During the day, it rallied 1,199.79 points or 2.09% to 58,435.12.
Similarly, the broader NSE Nifty climbed 171.35 points or 1.01% to end at 17,185.70.
From the Sensex components, Infosys jumped nearly 4%, followed by HDFC Bank, HDFC, HCL Technologies, Larsen & Toubro, ICICI Bank, Kotak Mahindra Bank, Bajaj Finance and State Bank of India.
Among the laggards were Mahindra & Mahindra, Asian Paints, Reliance Industries, Wipro, Bharti Airtel and Power Grid.
India’s second largest IT services company Infosys on Thursday posted a better-than-expected 11% rise in consolidated net profit at ₹6,021 crore for the September quarter and announced buyback of shares worth ₹9,300 crore.
In Asia, markets in Seoul, Tokyo, Shanghai and Hong Kong ended higher.
Stock exchanges in Europe were trading in the positive territory in mid-session deals. Wall Street had ended significantly higher on Thursday.
International oil benchmark Brent crude was trading 0.81% lower at $93.80 per barrel.
Foreign institutional investors (FIIs) remained net sellers in the Indian capital market on Thursday as they offloaded shares worth ₹1,636.43 crore, as per exchange data.