The benchmark BSE index extended its gains by 278 points, while Nifty reclaimed 8,300 mark in morning trade supported by all-round buying led by realty, banking and FMCG stocks amid steady progress in monsoon.
The Sensex resumed higher at 27,427.19 and a touched high of 27,601.06 before quoting at 27,594.37 at 1045 hrs, a rise of 278.20 points or 1.02%.
The 50-share Nifty also gained by 91.00 points 1.11% to 8,315.95 at 1045 hrs.
Major gainers were, Axis Bank by 2.94%, HDFC Bank 2.36%, Coal India 1.89%, Tata Motors 1.62%, SBI 1.52%, Tata Steel 1.51%, ICICI Bank 1.49%, HDFC 1.37%, TCS 1.28%, HUL 1.18% and BHEL 1.12%.
Meanwhile, foreign investors sold shares worth 106.12 crore during Friday’s trading session as per provisional data.
In overseas, Asian markets were trading higher with investors encouraged by signs of a compromise in Greece’s debt talks with its creditors.
Key indices in Japan, Hong Kong, Taiwan, Singapore and South Korea were up 0.44 to 1.57%. Chinese stock market was shut today.
Indian stocks is expected to remain volatile during the week as traders roll over positions in the futures & options (F&O) segment from the near month June series to July series.
The near month 2015 derivatives contracts expire on Thursday.
PTI