Sensex up 300 points, Nifty trades above 10,100
Indian stock market indices BSE Sensex and Nifty 50 were trading over 1 per cent higher on Friday led by gains in index heavyweights such as Reliance Industries, HDFC Bank, ICICI Bank, HDFC and Kotak Mahindra Bank.
During the initial trade, the Sensex rose 376 points to touch an intra-day high of 34,357.30 points.
The stock markets trimmed major gains tracking a mixed trend in the Asian indices.
Around 11:30 am, it was trading at 34,089.60, higher by 108.90 or 0.32 per cent from the previous close of 33,980.70.
Similarly, NSE Nifty rose 63.15 points, or 0.63%, to 10,092.20.
Meanwhile, the rupee appreciated 19 paise to 75.38 against the US dollar in early trade on Friday as strong domestic equity supported by foreign fund inflows boosted investor sentiments.
Forex traders said positive domestic stock market, sustained foreign fund inflows, weak American currency and upbeat risk appetite supported the rupee.
The rupee opened on a strong note at 75.38 at the interbank forex market, up 19 paise over its last close.
