Indian shares advanced in line with other Asian peers on Friday, driven by gains in energy and financials, with Yes Bank Ltd jumping nearly 14 percent after the private-sector lender named a new chief executive officer.
Traders said market remained range-bound for the better part of the session as investors kept their exposure at a low ebb due to weak global cues.
The broader Nifty ended 0.5 percent firmer at 10,961.85, while the benchmark Sensex ended 0.53 percent higher at 36,578.96, its best closing level since Sept. 25, 2018.
The key Indian equity market indices on Thursday opened higher despite a muted trend in Asian markets. Overnight, the Nasdaq closed in green, while the FTSE 100 was also up by 0.66% at the closing on Wednesday.
The Sensex today opened on a positive note during the morning session of the trade. On the other hand, the broader 50-scrip Nifty opened at 10,862.40 points after closing at 10,802.15 points on Tuesday.
Amid mixed Asian cues and falling crude oil prices, the domestic indices opened in the green on Wednesday. All sectors, except power and Tech, traded in green.
The equity benchmark BSE Sensex Thursday rose nearly 200 points in early trade, a day after Shaktikanta Das took charge as the new RBI chief and promised to take all stakeholders along on key policy issues.
Indian shares rose to their highest in over four weeks on Friday and were headed for their third straight weekly gain, boosted by a surge in top financial and energy stocks.
Positive global cues along with an ease in global crude oil prices pushed the key equity indices in the green during the mid-afternoon session of trade.
Indian shares edged lower in line with early weakness in Asian peers, due to losses in financials and healthcare stocks, but gains in oil marketers and an upbeat sentiment over a strong set of inflation data helped cap losses.