The Indian equity benchmark indices opened higher on Friday, supported by positive global cues, with buying seen in the IT, pharmaceutical, and auto sectors in the early trade.
The Sensex was trading 265.3 points, or 0.33 percent higher, at 80,066.81, while the Nifty was up 89.85 points, or 0.37 percent, at 24,336.55.
Nifty Bank was down 222.85 points, or 0.40 percent, to 54,978.55. The Nifty Midcap 100 index was trading at 54,980.80, up 10.95 points or 0.02 percent. The Nifty Smallcap 100 index stood at 16,903.30 after falling 60.20 points, or 0.35 percent.
According to market analysts, "after a positive opening, Nifty can find support at 24,200, followed by 24,100, and 24,000." On the higher side, 24,500 may be an immediate resistance, followed by 24,600 and 24,700.
"The Bank Nifty charts show that it may find support at 55,000, followed by 54,700 and 54,500. If the index rises further, 55,500 will be the first key resistance, followed by 55,800 and 56,200," said Hardik Matalia, Choice Broking's Derivative Analyst.
Meanwhile, the top Sensex gainers included TCS, Tata Steel, Maruti Suzuki, Eternal, ICICI Bank, SBI, HDFC Bank, Infosys, M&M, and Tata Motors. Axis Bank, Tech Mahindra, Nestle India, and IndusInd Bank were the biggest losers.
In the most recent trading session, the Dow Jones in the United States rose 1.23 percent to close at 40,093.40. The S&P 500 rose 2.03 percent to 5,484.77, while the Nasdaq gained 2.74 percent to 17,166.04.
In Asian markets, Jakarta, Bangkok, Seoul, Hong Kong, China, and Japan were all trading in green.
According to analysts, US markets extended their rally on Thursday as investors bought hard-hit technology stocks, helping to lift the S&P 500 out of correction territory.
Foreign institutional investors (FIIs) purchased equities worth Rs 8,250.53 crore on April 24. However, domestic institutional investors (DIIs) sold equities worth Rs 534.54 crore on the same day.
