Among sectors, banks, as well as metals, are trading strong, while pharma, infra, auto and energy indices are trading in the green as well.
Shares of Jet Airways soared 3 percent after clarity emerged on its Board Meeting, where it will be declaring its results for the June quarter.
The stock touched an intraday high of Rs 308.90 and an intraday low of Rs 303.25.
A meeting of the Board of Directors will be held on August 27, 2018, to approve the unaudited financial results for the June quarter.
“In this connection, the trading window for dealing in the securities of the company will remain closed till Wednesday, 29 August 2018. We request you to take the above information on record,” the airline told exchanges.
Bulls are off to a good start on D-Street, following positive global cues. The Nifty has managed to surge past 11,400 with ease, while the Sensex is up around 190 points.
Among sectors, banks, as well as metals, are trading strong, while pharma, infra, auto and energy indices are trading in the green as well. The Nifty Midcap index is also up over half a percent.
The Sensex is currently up 193.54 points or 0.51% at 37857.10, while the Nifty rose 52.80 points or 0.46% at 11437.80. The market breadth is positive as 415 shares advanced, against a decline of 104 shares, while 38 shares are unchanged.
Shares of Vedanta, Tata Motors, and Hindalco are the top gainers, while Bharti Airtel, Wipro, and HDFC have lost the most.
Pre-opening rates indicate a positive start to the market on Friday. The Sensex is up over 170 points, while the Nifty is near 11,450-mark.
At 09:03 hrs IST, the Sensex is up 172.15 points or 0.46% at 37835.71, while the Nifty I up 55.80 points or 0.49% at 11440.80.
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