Benchmark indices opened the day higher in trade, even as Asian markets were seeing a quiet day of trade. European stocks crashed on Thursday, as the European Central Bank President, hinted that there might be no more rate cuts.
Oil and gas stocks were in the limelight falling a hige set of reforms for the oil and gas sector. ONGC, Cairn, Gail and Oil India were among the gainers.
Sun Pharma dropped 2 per cent after reports that the company made a Class II recall of Alendronate sodium tablets in the US.
Software stocks apart from Infosys were trading marginally lower, including the likes of TCS and Wipro. Welspun gained ground after the company bagged a sizeable order from the Middle East.
Aegis Logistocs was trading higher after the board approved setting up of 25000 MT of LPG storage terminal at Haldia port.
Meanwhile, most Asian markets were trading flat with the Shanghai Composite and the Japanese Nikki down in trade.