Indian benchmark indices traded firmly higher on Friday morning, with banking and FMCG stocks leading gains as the Nifty 50 held steady above the 23,700 mark.
At around 10 AM, the Nifty 50 was trading higher by 0.54% or 127.30 points at 23,782, while the Sensex gained 459.80 points or 0.61% to 75,643. Nifty Bank outperformed broader markets, rising 1.09% or 580.35 points to 54,019. Nifty IT also traded in positive territory, up 0.28%.
Among frontline gainers, Asian Paints surged 2.16% to Rs 2,655, emerging as one of the top movers in the FMCG pack.
Banking stocks continued to support the rally, with ICICI Bank rising 1.72%, HDFC Bank gaining 1.40%, and Axis Bank advancing 1.42% during the session.
Infrastructure major Larsen & Toubro also traded strong, up 1.45%, contributing to broader market strength.
The continued buying interest in heavyweight banking and consumption stocks helped benchmark indices maintain momentum above key psychological levels, while investors tracked sector-specific earnings reactions and broader global cues.
Market participants will continue monitoring movement in financials, FMCG counters and heavyweight index stocks through the session as Nifty attempts to sustain above the 23,700 level.