The BSE benchmark index, the Sensex, opened 330-odd points higher at 60,248, and after consolidating in the morning session, the index began its upward journey.
The NSE Nifty surged to a high of 18,123, and eventually settled with a gain of 229 points at 18,103.
Bajaj Finsev, Asian Paints, Bajaj Finance, Sun Pharma , Larsen & Toubro and Nestle India were the other major gainers.
On the other hand, Bajaj Auto skid 3 per cent to Rs 3,640.
Among individual stocks, FSN E-Commerce Ventures entered the list of top-50 most valued companies in terms of market captialisation in the country after the stock surged 8.8 per cent to a high of Rs 2,410.
In the primary market, Latent View Analytics IPO witnessed frenzied demand, mainly from non-institutional investors, and the issue was subscribed over 305 times.
LIVE market updates: The key benchmark indices have extended gains in late noon deals as buying spread across the sectors.
Tech Mahindra was the top gainer among the Sensex 30 stocks, up 3.7 per cent at Rs 1,580.
Zomato and Devyani scaled new highs surging 9 per cent and 15 per cent, respectively, after the Global Index provider MSCI added the former to its MSCI Global Standard India Index and the latter to its MSCI India Domestic Small Cap Index.
LIVE market updates: Frontline indices resumed their uptrend and were back near the day’s high trajectory in noon deals.
On the results front, Motherson Sumi reported a decline in net profit and revenue for Q2FY22.
LIVE market updates: Profit booking in the public sector bank stocks dragged indices off the day’s high in late morning deals.
Shares of InterGlobe Aviation surged 6 per cent to Rs 2,268 on the BSE in Friday’s intra-day trade after nearly 1 per cent of total equity of the aviation company changed hands on the counter.
Clocking a tepid show, however, were shares of Fino Payments Bank that listed on the bourses at a 6 per cent discount.
Kospi had surged 1.3 per cent, while Taiwan and Straits Times added 0.3 per cent and 0.2 per cent each.
The S&P 500 and Nasdaq moved up 0.1 per cent and 0.5 per cent, respectively.
Analysts expect Vodafone Idea to report a sequential growth in ARPU .
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