Indian benchmark indices made a strong start on Friday. The Sensex was trading higher by 135 points at 41,298, and the Nifty was up 42 points at 12,169 (9.23AM).
All sectoral indices are trading higher with PSU Bank stocks leading gainers, followed by Nifty Media, Auto, and Metal.
Nifty PSU Bank is up 1.3%, driven by Canara Bank, UCO Bank, Bank of Baroda, and Union Bank, up over 2% each. PNB, Central Bank, and SBI are up by over 1.5% each.
Yes Bank, ZEEL, and SBI are among the top gainers, while HUL, NTPC, and Bharti Infratel are among the top losers.
The Indian rupee opened flat at 71.31/$ on Friday.
Asian markets, meanwhile, hit an 18-month high amid holidays. as hopes of a US-China trade deal buoyed sentiment.
Oil and Gold also held steady with the former (Brent crude) trading above $68/bbl.
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