The NSE Nifty 50 index advanced 0.26 per cent to 17,290.35 points, while the S&P BSE Sensex gained 0.33 per cent to 57,710.80 points.
Digital Desk: In early morning trade on Friday, the Sensex and Nifty both jumped, with Reliance Industries reaching a record high and Wipro, an IT services provider, gaining ahead of March-quarter earnings.
The NSE Nifty 50 index advanced 0.26 per cent to 17,290.35 points, while the S&P BSE Sensex gained 0.33 per cent to 57,710.80 points.
On Thursday, US tech earnings boosted stock markets worldwide, with Indian benchmark indexes jumping more than 1%.
On Friday, Asian stocks edged up, but investor sentiment remained shaky amid concerns about global economic growth and the impending US Fed rate hikes.
In India, Reliance Industries rose 1.3 per cent to a new high of 2,856.15 rupees in the fourth session.
All Nifty sub-indices were in the green, with Nifty's Pharma sub-index leading the pack with a 2% gain.
Varroc Engineering's stock jumped 20% to its highest level since January 2020 after the auto parts manufacturer announced it would sell its four-wheeler lighting systems operations in the Americas and Europe.
Wipro gained 1.1% and Maruti Suzuki India gained 0.7% ahead of their March quarter results.
