Indian shares started higher on Friday amid positive global cues with both benchmark indexes surging around quarter of a percent higher, with financials, IT and pharma shares leading the bulls.

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The BSE Sensex traded higher by 183 points to 35,443, while the NSE Nifty50 also gained 44 points to trade at 10,661 at 9.40 am.

On Thursday, the Nifty closed at 10617, up 40 points. The Sensex closed at 35260 points, up 118 points.

Broader market indexes underperformed with the Nifty MidCap trading volatile. It slipped into the red, marginally down by 0.10 percent at 9.40 am. The BSE MidCap traded marginally up in the green.

Among sectoral indices, the Nifty Bank neared half a percent mark after a flat start. Nifty Pharma was leading the 30 advancing sectors, rising by 1.08 percent, while the Nifty CPSE dipped 1.68 percent among 13 declining sectors. Nifty Metal was down 0.76 percent.

Among top index gainers, HCL Technologies, Bharti Infratel, Wipro, Cipla, Sun Pharma, Axis Bank, Reliance Industries, HDFC Bank moved higher by up to 2.25 percent.

Among top losers, Yes Bank shares tanked 7 percent as former SBI chairman OP Bhatt resigned from the lender's search committee tasked with finding a successor to Rana Kapoor.

ONGC, Indiabulls Housing Finance, Indian Oil Corp., JSW Steel, Vedanta and Infosys shares fell by up to 3.21 percent.

The Indian rupee opened flat at 71.99 against the US dollar on Friday. The home currency had closed at 71.98 on Thursday against the greenback. The 10-year government bond yield opened unchanged at 7.76 percent.

Overall investor sentiment, however, will also watch out for how events unfold between the US and China ahead of the G-20 meet in Argentina later this month.

Domestically, India's trade deficit which widened to $17.13 billion in October from a five-month low of $13.98 billion a month ago likely will also weigh on sentiments.

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