At 9:50 am, Sensex was up 484 points or 0.67 per cent at 74,380 and Nifty was at 22,613, up 125 points or 0.56 per cent.
Banking stocks are also on the rise in early trade. Nifty Bank is up 342 points or 0.70 percent at 49,043.
Among other indices, Auto, Fin Service, Pharma, FMCG, Metal, Realty, Infra are in the lead. Only the IT index remained in the red.
India VIX is down more than five percent at 22.90 points.
Seven out of 30 Sensex stocks are trading in the red.
L&T, M&M, Bajaj Finance, UltraTech Cement, Titan, Tata Motors, IndusInd Bank ITC, HDFC Bank, Reliance and Bajaj Finserv are among the gainers. Infosys, Kota Mahindra, TCS, Bharti Airtel and Axis Bank are among the losers.
Asian markets are trading with gains. Tokyo, Shanghai, Hong Kong, Bangkok, Seoul are in green. Only Jakarta markets are trading in the red. US markets closed in the red in Thursday's session.
Vaishali Parekh, Vice President – Technical Research, Prabhudas Lilladher, says Nifty has seen a sustained decline for the fourth consecutive session due to weakening bias and the index is currently in an uncertain situation with the important 50EMA zone near 22380 levels.
"The index needs to move decisively above 22700 area for a bias correction. With election results around the corner, higher volatility and volatility are expected in the coming days," Parekh said.
Banking stocks are also on the rise in early trade. Nifty Bank is up 342 points or 0.70 percent at 49,043.
Among other indices, Auto, Fin Service, Pharma, FMCG, Metal, Realty, Infra are in the lead. Only the IT index remained in the red.
India VIX is down more than five percent at 22.90 points.
Seven out of 30 Sensex stocks are trading in the red.
L&T, M&M, Bajaj Finance, UltraTech Cement, Titan, Tata Motors, IndusInd Bank ITC, HDFC Bank, Reliance and Bajaj Finserv are among the gainers. Infosys, Kota Mahindra, TCS, Bharti Airtel and Axis Bank are among the losers.
Asian markets are trading with gains. Tokyo, Shanghai, Hong Kong, Bangkok, Seoul are in green. Only Jakarta markets are trading in the red. US markets closed in the red in Thursday's session.
Vaishali Parekh, Vice President – Technical Research, Prabhudas Lilladher, says Nifty has seen a sustained decline for the fourth consecutive session due to weakening bias and the index is currently in an uncertain situation with the important 50EMA zone near 22380 levels.
"The index needs to move decisively above 22700 area for a bias correction. With election results around the corner, higher volatility and volatility are expected in the coming days," Parekh said.
