Domestic stock markets started Friday's session on a higher note ahead of the earnings announcements by information technology majors TCS and Infosys. The S&P BSE Sensex rose as much as 114.00 points to 38,721.01 while the NSE Nifty moved to 11,627.20, up 30.5 points from the previous close. Advances in oil & gas and IT stocks supported the markets. The market participants awaited consumer inflation data for the month of March due in the evening for more clarity on the interest rates going forward, according to analysts.
At 9:38 am, the Sensex traded 108.39 points higher at 38,715.40 while the Nifty was at 11,624.70, up 28.00 points from the previous close.
Top gainers on the 50-scrip index at the time were Tata Steel, Bharat Petroleum, GAIL India, Asian Paints, Infosys and Wipro, trading between 0.85 per cent and 1.23 per cent higher.
The government is due to release macroeconomic data such as consumer inflation and industrial production later in the day.
Equities in other Asian markets were flat, with MSCI's broadest index of Asia-Pacific shares outside Japan up 0.03 per cent in early trade. Japan's Nikkei stock index gained 0.1 per cent.
(With inputs from Reuters)
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