Indian shares opened higher on Friday, tracking gains in the Asian markets boosted by upbeat US economic data and positive corporate earnings. Investors remained cautious ahead of the Lok Sabha election results next week.

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At 9:25 AM, the Sensex was up 191 points at 37,584, and the Nifty50 was trading 51 points higher at 11,308.

YES Bank, Indiabulls Housing, Coal India, GAIL, and Bajaj Finance were among the major gainers on the Nifty50, whereas Cipla, BPCL, Hindalco, NTPC, and Eicher Motors led losses.

Nifty Media gained the most among sectoral indices followed by the banking indices. Meanwhile, Nifty Pharma and Nifty PSU Bank declined 0.8 percent and 0.3 percent, respectively.

Bajaj Finance gained over 3.2 percent to hit its all-time high of Rs 3,211 in intra-day trade on Friday on robust March-quarter numbers. The company reported a 50 percent jump in its standalone net profit at Rs 1,114 crore for Q4 versus Rs 743 crore in the corresponding quarter a year ago.

OMCs remained under pressure after crude oil prices rose for the fourth consecutive session amid Middle East tensions.

Globally, Shanghai stocks slipped amid the fallout from President Donald Trump’s move to block China’s Huawei Technologies from buying vital American technology. Japan’s Nikkei bounced 1.5 percent, while the main Australian index climbed 0.9 percent to an 11-year peak. MSCI’s broadest index of Asia-Pacific shares outside Japan lost early gains to dip 0.1 percent.

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