Consequently, the key indices traded in the positive territory during the early morning trade session. Healthy buying was witnessed in banking, automobile and metal stocks.
The wider 51-scrip Nifty of the National Stock Exchange (NSE) edged up by 32.95 points or 0.40 per cent, at 8,251.90 points.
The barometer 30-scrip sensitive index (Sensex) of the BSE, which opened at 26,919.23 points, traded at 26,977.34 points (at 9.30 a.m.) — up 134.20 points or 0.50 per cent from the previous close at 26,843.14 points.
The Sensex has so far touched a high of 26,983.62 points and a low of 26,915.02 points during the intra-day trade.
The BSE market breadth was tilted in favour of the bulls — with 947 advances and 338 declines.
The key Indian indices had closed at a fresh seven-month closing high on Thursday. Both the key indices had ended with appreciable gains followed by short covering and lower-level value buying.
The barometer index had surged by 129.21 points or 0.48 percent, while the NSE Nifty had gained 39 points or 0.48 percent.