NEW DELHI: Here is Economical joyfulness on Friday morning for the equity investors as Sensex extended increase to more than 400 points in early trade.

30-share BSE Sensex stared with a gain of 381.75 points on 33,388.47 while the broader 50-share NSE Nifty jumped 109.80 points to open trading at 10,324.55. Sensex soon raised its gains to more than 400 points as it beat the intra-day high of 33,520.82.

The flow in the economic Street came after international rating agency Mumbai: The BSE Sensex on Friday skyrocketed 414 points to 33,521 and the NSE Nifty raced past 10,300 as banking stocks directed a firm rally after Moody's upgraded India's self-governing credit rating.

The 30-share Sensex increased 414 points, or 1.25 per cent, to trade at 33,520.82. The gauge had met 346.38 points in the previous session.

SBI met 2.94 per cent while private banksICICI Bank, Axis Bank, Yes Bank and IndusInd Bank climbed up to 3.07 per cent.

All the sartorial indices led by banking, realty and metal were trading in the optimistic zone, with gains of up to 2.46 per cent.

The 50-share Nifty jumped 124.40 points, or 1.21 per cent, to 10,339.15.

 Economic Sentiment pushed higher after the US-based Moody's today upgraded India's economic credit rating by a notch to 'Baa2' with a stable outlook citing improved growth prospects driven by?economic and institutional reforms, traders said.

The rating upgrade happens after a long gap of 14 years - Moody's had last upgraded India's rating to 'Baa3' in 2004.

Punjab National Bank, Bank of Baroda, Federal Bank, HDFC Bank and Kotak Bank banking stocks also scored gains

Tata Steel, Cipla, Tata Motors, L&T, Reliance Industries, Coal India, Adani Ports, Hindustan Unilever, Bharti Airtel and Sun Pharma climbed towards progress.