Benchmark Sensex rebounded by 391 points to close at 37,556.16 today, while the NSE Nifty finished at a fresh lifetime high as investors accumulated the recently-battered banking, auto and realty counters.
Firm global cues lifted the key Indian equity indices on Friday with the benchmark S&P BSE Sensex rising around 300 points.
The blue chip FTSE 100 .FTSE index was up 0.1 percent at 7,566.01 points by 0850 GMT, in line with a modest bounce across European indexes, while mid caps .FTMC were flat in percentage terms.
At 0822 GMT, the pan-European STOXX 600 was up 0.07 percent at 381.68 points with no clear set trend across the major trading centers.
The BSE index rose 0.8 percent to 37,965.65 while the broader NSE Nifty rose 0.8 percent to 11,478.18.
Indian currency and debt markets are closed for a local holiday and trading would resume on Monday, but the local stock markets will be functioning as normal.
Taking positive cues from global equities, the 30-share index was trading higher by 262.91 points, or 0.69 per cent, at 37,926.47.
Sebi imposed a fine of Rs 6 lakh on a former promoter of Covidh Technologies for disclosure lapses with regard to change in shareholding of the company.
Wholesale debt market segment of the National Stock Exchange today witnessed a total turnover of Rs 624.80 crore in 21 trades.