Markets trade higher in early deals; Bajaj Finance surges over 6%

Mumbai: Indian benchmark indices opened higher on Friday, supported by a sharp rally in Bajaj Finance, foreign fund inflows and softer crude oil prices.

The 30-share BSE Sensex advanced 49.91 points to 77,970.95 in early trade. The NSE Nifty was also trading in the green.

Baj Finance was the top gainer, surging over 6% and providing the biggest lift to the indices. However, profit-taking in IT stocks capped the broader rally during the initial hour of trade.

Market sentiment got a boost from continued foreign fund inflows and a decline in crude oil prices, traders said. Investors are now watching global cues and sectoral moves for direction through the rest of the session.