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The domestic indices were trading nearly 1% higher on Friday afternoon taking cues from the global markets.
Among sectoral indices, the Nifty Metal index was trading nearly 3% higher today led by a rise in the shares of Jindal Steel & Power, Tata Steel and National Aluminium Company.
In the global markets, Asian shares rebounded on Friday as comments from a Federal Reserve official eased worries that the central bank might raise rates more aggressively this year, while the safe-haven yen held on to its gains amid heightened volatility across markets.
MSCI’s broadest index of Asia-Pacific shares outside Japan climbed 0.4 percent, but was still on track to end the week barely changed.
Japan’s Nikkei edged 0.3 per cent higher and South Korea’s KOSPI index rose 1 per cent.
On Wall Street, the Dow added 0.7 per cent, the S&P 500 ended a tad firmer while the Nasdaq lost 0.11 per cent.
(with Reuters inputs)
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