Indian benchmark indices on Friday opened flat. However, indices rose soon with the Sensex is up 115 points at 41,789, and the Nifty is up 29 points at 12,289. (9.27 AM).

Sectorally, indices traded mixed. Nifty PSU Bank led gainers, while Nifty FMCG lost the most.

Nifty PSU Bank was trading higher by 1.2%, Syndicate Bank, SBI, and Bank of Baroda being the top outperformers, up over 1% each.

Top gainers on the indices include Tata Motors, SBI, HCL Tech, Bharti Infratel, and Hero MotoCorp, while Britannia Industries, Yes Bank, Sun Pharma and HDFC Bank are among the top losers.

The Indian rupee opened lower at 71.15/$ on Friday against previous close of 71.03/$.

Asian stock markets were mixed on Friday after a media report said that US Treasury Secretary Steven Mnuchin stated that the US and China would sign their Phase one trade pact at the beginning of January, adding that it was completely finished and just undergoing a technical "scrub."

Oil prices remained near a three-month high after US and China agreed to sign the phase one trade pact in early January, which could enhance oil demand and boost trade flows.

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