Domestic stock markets recovered early losses to move higher after a mixed start on Friday, a day after benchmark indices hit a three-week high rising for five straight sessions. The S&P BSE Sensex index rose as much as 166.54 points to hit 39,218.60 on the upside in the first hour of trade, and the broader NSE Nifty benchmark climbed to as high as 11,635.45, up 49.1 points from the previous close. Gains across most sectors – led by banking, auto, metal and energy shares – supported the markets. On Thursday, the Sensex and Nifty had ended 1.17 per cent and 1.07 per cent higher respectively to clock their highest closing levels since September 24.
Equities in other Asian markets edged higher on Friday tracking the global lift in sentiment after the UK and the European Union struck a long-awaited Brexit deal. MSCI’s broadest index of Asia-Pacific shares outside Japan was up about 0.1 per cent in early trade, echoing Wall Street’s small gains, while Japan’s Nikkei added 0.5 per cent.