Benchmark Indian indices were higher in trade, after days of carnage and mayhem. Most of Asia was trading up, after a slightly firm closing on Wall Street. The Hong Kong's Hang Sang and the Shanghai Composite were both higher by about 2-3 per cent.
The rupee also opened higher by 21 paise at 74.77 per dollar on Friday versus Thursday's close 74.98.
The Sensex was trading with gains of 328 points, while the Nifty was higher by 101 points in trade. Leading the set of gainers were some of the beaten down names like PowerGrid, ONGC, Vedanta and GAIL.
Reliance Industries was also trading with good gains, after losing almost 40 per cent from peak levels. Some of the larger banks like HDFC Bank, IndusInd Bank and ICICI Bank were among the losers in trade.
Shares in Yes Bank was among the top gainers from the Nifty space and continues to be exceedingly volatile.