The Sensex and the Nifty were trading higher continuing a firm trend from Thursday. Global equity markets were also buoyant, following the tax reforms initiatives in the US.

The Sensex was trading with gains of 111 points, while the Nifty was up 41 points in trade. Leading the set of gainers were the bank stocks. State Bank of India was up one per cent, following reports that the bank had revised interest rates on its deposits.

GAIL was the top Nifty gainer jumping as much as 5 per cent. On the other hand Infratel was another gainer, jumping as much as 4 per cent in trade.

Meanwhile, the rupee opened at 65.35 to the dollar, jumping 15 paise over the previous close. Globally the dollar had turned weak, which prompted some rally in the rupee. Check rupee rates against world currencies here

Most Asian markets were trading with gains, following strong gains across Asia.

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