The Indian market continued its bull-run on Friday, building on yesterday's gains, ahead of key corporate earnings today.

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The Sensex jumped 270 points to 37,253, while the Nifty opened above 11,200 mark for the first time, with the broader index starting at 11,2332.80.

Nifty Bank surged 91 points to 27,497.80, while the Nifty MidCap also rose over 77 points to 18,692.

All sectoral indices are trading in the green, with Nifty Metal and Nifty FMCG leading the gains.

Among stocks, ITC topped the index gainers' list with a 3.38 percent rise after the company declared its results on Thursday. Hindalco surged by nearly 5.5 percent after the company announced the acquisition of Aleris.

Reliance Industries also rose by half a percent ahead of its Q1 results later in the day.

Among losers, ICICI Bank declined ahead of Q1 earnings. Dr Reddy's opened 2 percent lower after the pharma company confirmed AstraZeneca files lawsuit against it. Other losers were Grasim, Axis Bank and ONGC.

The Indian rupee opened at 68.65 against the US dollar. The home currency rose by 13 paise to close at a fresh one-week high of 68.66 against the US dollar on Thursday as steady unwinding of the greenback by exporters and banks helped the local unit to extend gains for the second day.

Asian markets struggled to gain traction today, following a mixed end to Wall Street and as the worsening Sino-US trade dispute kept investors in the region cautious, despite signs of rapprochement between the United States and Europe. MSCI's broadest index of Asia-Pacific shares outside Japan was little changed in early trade. Japan's Nikkei eked out a 0.3 percent gain.

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First Published:Jul 27, 2018 10:02 AM IST