Benchmark indices opened the day higher led by strong global cues after the US Fed Minutes hinted that interest rates in the US maybe postponed even further.
The Sensex was trading with gains of 276 points at 27,116 points, while the Nifty rallied 79 points in trade. Check Sensex gainers and losers here
Reliance which had fallen sharply on Thursday over worries over gas dispute with ONGC managed to gain ground in trade. Shares in DLF were trading higher after reports that the promoters will sell their 40 per cent stake in the company's rental arm DLF Cyber City Developers.
Shares in Rajesh Exports were up after reports that the company has bagged an order from the UAE. Meanwhile, mid cap stocks were trading sharply higher with the index up almost one per cent. Notable gainers from the space were DHFL, HDIL and Jindal Steel.
Meanwhile, markets across Asia were trading sharply higher following solid overnight gains in the US.