Mumbai April 27 (IANS) The key Indian equity indices on Friday traded in positive territory due to firm global cues and robust buying in banking and capital goods stocks.
According to market observers healthy earnings reported in the banking sector for the January-Marchquarter boosted investor sentiments.
So far the S&P banking index rose 444.51 points followed by the capital goods index up 221.60 points.
At 1.17 p.m. the wider Nifty50 of the National Stock Exchange (NSE) traded at 10 699.65 points up 81.85 points or 0.77 per cent from the previous close of 10 617.80 points.
Similarly the barometer 30-scrip Sensitive Index (Sensex) of the BSE which opened at 34 747.04 points traded at 35 003.31 points (1.17 p.m.) -- up 289.71 points or 0.83 per cent -- from its previous session s close of 34 713.60 points.
The Sensex has so far touched a high of 35 030.87 and a low of 34 744.73 points.
The BSE market breadth was bullish with 1 448 advances and 958 declines.
"Positive global cues helped Indian equities to trade higher " said Dhruv Desai Director and Chief Operating Officer Tradebulls.
"The US stocks rose sharply on Thursday helped by strong quarterly results from some of the biggest US companies. Asian markets following cues (from the US) opened in solid green " he added.
On Friday the major gainers on the BSE were Axis Bank State Bank of India ICICI Bank Asian Paints and Reliance Industries while Tata Consultancy Services (TCS) Wipro Coal India NTPC and Hindustan Unilever were among the major losers.
On NSE the top gainers were Axis Bank State Bank of India and ICICI Bank. The major losers were HCL Tech Mahindra and Coal India.
--IANS
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