The benchmark BSE Sensex jumped over 126 points in morning trade on Friday on sustained buying, mainly in power, banking, tech and IT sectors amidst heavy foreign capital inflows despite lower global cues.
The 30-share index resumed higher at 22,374.98 points and hovered in a range of 22,482.92 and 22,317.18 before quoting at 22,470.15 at 1000 hours (IST).
It showed a gain of 126.11 points from its last close.
The NSE 50-share barometer Nifty also moved up 41.40 points to 6,701.25.
Major gainers were — Tata Power (1.70 pct), Hindalco Ind (1.28 pct), BHEL (1.09 pct), HDFC (0.97 pct), Coal India (0.80 pct), HDFC Bank (0.72 pct) and Wipro (0.54 pct).
Most Asian stocks declined in the early trade, as investors weighed earnings reports from Japan’s biggest companies and Canon Inc announced a share buyback.
Key benchmark indices in Hong Kong, China, Singapore, and Taiwan were down 0.01 to 0.28 per cent while indices in South Korea and Japan rose 0.13 to 0.59 per cent.