Equity benchmark BSE Sensex advanced 264 points on Friday, propelled by gains in index heavyweights HDFC, ICICI Bank, HUL and ITC amid positive cues from the global markets.
After gyrating 568 points during the day, the 30-share Sensex ended 263.86 points, or 0.71 per cent, higher at 37,332.79. It hit an intra-day high of 37,397.97 and a low of 36,829.81.
Similarly, the broader NSE Nifty rose 74.95 points, or 0.68 percent, to close at 11,023.25.
Top gainers in the Sensex pack included Yes Bank, Sun Pharma, IndusInd Bank, Tata Steel, HUL, Vedanta, Tata Motors, ICICI Bank, ITC, HDFC and Bajaj Auto, that rose up to 3.75 per cent.
On the other hand, PowerGrid, ONGC, HCL Tech, Kotak Bank, L&T, NTPC, SBI and Asian Paints fell up to 2.12 percent.
According to Sanjeev Zarbade, VP PCG Research, Kotak Securities, the market turned somewhat hopeful on incremental policy support from the government and as stakeholders kindled new hope in de-escalating US-China trade tensions.
Investors were also awaiting the official estimate of GDP growth for Q1 FY20.
Meanwhile, the Reserve Bank of India on Thursday played down deepening slowdown as just "soft patch mutating into a cyclical downswing".
Meanwhile, the Indian rupee opened higher against the US dollar, with the home currency appreciating as much as 0.03 percent to Rs 71.77 against the greenback.
(With inputs from BloombergQuint.)
(At The Quint, we are answerable only to our audience. Play an active role in shaping our journalism by becoming a member. Because the truth is worth it.)