India's benchmark index, Sensex jumped over 230 points on Friday morning, led by Yes Bank after it announced that Deutsche Bank’s chief of India operations Ravneet Gill would be the new boss.

Share Market Live

NSE

Stocks also advanced amid investor optimism on a breakthrough trade deal between the US and China ahead of March 1 expiry deadline of their 90-day truce.

At 9.40 am, the Sensex was trading higher by 236 points, or 0.65 percent, at 36,431. The Nifty traded at 10,920, up by 70 points, or 0.65 percent. Earlier, the BSE index jumped 202 points, or 0.56 percent, to 36,397 in early trade, while the broader NSE index surged 59.50 points, or 0.55 percent, to 10,909.

Broader markets underperformed with both the Nifty MidCap and the BSE MidCap higher by 0.20 percent each. The Nifty MidCap surged 0.37 percent in early trade.

All 43 sectors advanced with BSE Telecom leading with a 1.6 percent rise. BSE Energy, Capital Goods, Power and Nifty Energy were other major gainers.

Among gainers, Yes Bank shares soared 8.5 percent, continuing its uptrend post Ravneet Gill's announcement as the lender's new CEO and MD.

UPL, Indiabulls Housing Finance, Bharti Infratel, Sun Pharma shares gained between 1.22 percent and 2.07 percent.

UltraTech Cement, ICICI Bank, Hero MotoCorp, Zee Entertainment and GAIL shares slipped between 0.21 percent and 0.70 percent.

In the currency space, the rupee continued its upward journey for a third straight day strengthening by another 10 paise to 70.97 against the US dollar. The home currency had gained 26 paise to end at 71.07 against the greenback on Thursday.

In Asian markets, Japan's Nikkei was up 1.23 percent and Hong Kong's Hang Seng surged 1.34 percent at 9.30 am IST. South Korean Kospi also added 1.36 percent.

Also, catch all the action and updates in our Market Live blog

.