The Indian equity markets opened in the green on Friday amid positive developments from West Asia. The BSE Sensex opened 243 points higher while the Nifty 50 climbed 50 points in early trade.
The Sensex, which closed at 75,867.80 on Thursday, opened at 75,988.51 and was trading at 76,111.28, up 243.48 points or 0.32 per cent, as of 9:18 am. Nifty 50, which settled at 23,907.15 in the previous session, opened at 23,902.15 and was trading at 23,956.75, up 50 points or 0.21 per cent, at the same time.
Crude oil futures traded lower after the US and Iran agreed to extend the ceasefire by 60 days, leading to a surge in investor sentiment in the global markets.
At 9:11 am on Friday, June crude oil futures were trading at Rs 8,421 on the Multi-Commodity Exchange (MCX) during the initial hour of trading against the previous close of ₹8,537, down by 1.36 per cent.
Meanwhile, prices of precious metals like gold and silver also rallied in early trade, though demand has come down drastically in the country since Prime Minister Narendra Modi announced austerity measures earlier this month.
Top gainers on the stock market were tech stocks, including Wipro, which emerged as the top gainer, rising 3.25 per cent to Rs 208.13 from its previous close of Rs 201.58.
Infosys climbed 3.17 per cent to Rs 1,196.70 against its previous close of Rs 1,159.90, while HCL Technologies added 1.73 per cent to Rs 1,185.40 from Rs 1,165.20.
Today is the last trading day of the week, after which stock markets will remain closed for Saturday and Sunday and will reopen on Monday.
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