New Delhi, India: Following favorable global cues, Indian equity indices opened higher on Friday, backed by buying in all sectors.
The 30-share BSE Sensex rose 579 points, or 1.01 percent, to 57,856 at around 9.30 a.m., while the broader NSE Nifty rose 153 points, or 0.89 percent, to 17,263. Mid- and small-cap stocks were higher, with the Nifty Midcap 100 index up 1.43 percent and small-cap stocks up 1.78 percent.
On a stock-by-stock basis, NTPC was the highest gainer on the Nifty, rising 3.22 percent to 139.35. The gainers included Mahindra and Mahindra (M&M), ONGC, Tata Consumer Products, and Tata Steel. The HDFC Housing and HDFC Bank were, on the other hand, among the losers.
After U.S. markets stopped further drops following hawkish Federal Reserve statements, Asian stocks recovered some of their heavy losses from the previous session. In Asia, U.S. stock futures climbed as Apple reported record holiday quarter sales, topping expectations.