The Sensex ended the day higher by a huge 409 points, while the Nifty was higher by 111 points. Markets across Asia ended the day marginally higher, while most of Europe was trading with marginal losses.
ICICI Bank reported a net profit of Rs 2976 crores for the quarter ending June 30, 2015, rising marginally from Rs 2922 crores reported in the corresponding period of last year.
The stock ended the day at Rs 302, higher by 3.97 per cent on BSE. It touched an intraday high at Rs 308 during the trade.
Shares in Kotak Mahindra Bank dropped sharply after the company saw its net profits decline. The shares of the bank were last trading with a fall of almost 4 per cent on the National Stock Exchange at Rs 686.
The stock ended the day at Rs 695, lower by 2.86 per cent on BSE. It touched an intraday low at Rs 684 during the trade.
Shares in Reliance Communications rallied after the company said that it might list its tower business.
The stock ended the day at Rs 70.45, higher by 3.07 per cent on BSE. It touched an intraday high at Rs 72.45 during the trade.
Shares of Future Retail jumped 8.5 percent on Friday after the clarification that FPIs can invest upto 49 percent in the multi-brand retail through automatic route.
The stock ended the day at Rs 121, higher by 5.80 per cent on BSE. It touched an intraday high at Rs 124 during the trade.