Sun Pharma and Tata Steel are the top gainers on both indices, while Asian Paints, M&M, GAIL and Eicher Motors lost the most.
Market Check: Shares have extended their gains from the opening bell, with the Sensex trading around 150 points higher, while the Nifty is comfortably trading above 10,400.
Management Speak: Ministry of Commerce has recommended anti-dumping duty on import of dimethylacetamide. This is a product that Balaji Amines manufactures.
In an interview to CNBC-TV18, D Ram Reddy, JMD of Balaji Amines said that we are seeing support for dimethylacetamide post anti-dumping duty imposition.
Federal Bank gains: Shares of Federal Bank gained 4.5 percent in the early trade on Friday as the company is going to acquire a stake in Equirus Capital.
The board of directors of the bank has approved the acquisition of significant minority stake of up to 26 percent of the paid-up share capital of Equirus Capital, a financial services company.
Rupee Update: The Indian rupee opened higher by 9 paise at 64.95 per dollar on Friday versus previous close 65.04.
Bhaskar Panda of HDFC Bank said, "Worries of US rate hike, consequent rally in US yields, coupled with uncertainties due to the PNB episode has brought back pressure on the INR."
Market Opens: Equities have begun the day on a positive note, with the Nifty clocking 10,400 in the first few minutes of the trade.
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