The Indian equity benchmark indices opened higher on Friday led by gains in metal, banking and auto stocks amid a positive trend in the global peers.

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At 9:15 am, the Sensex opened 0.34 percent, or 178.16 points higher at 52,877.16, while the Nifty50 index opened at 15,839.35, up 48.90 points, or 0.31 percent.

Broader markets gained, with Nifty Smallcap100 and Nifty Midcap100 indices up over half a percent each.

Among sectoral indices, the Nifty Metal index saw most gains, followed by Nifty PSU Bank, Nifty Auto and Nifty Financial Services, while FMCG and IT indices were under pressure.

Tata Steel, JSW Steel, Hindalco Industries, HCL Technologies and Maruti Suzuki led gains among Nifty50 constituents, while HUL, Wipro, Reliance Industries, IndusInd Bank and UPL were the top index losers.

The share price of Ashok Leyland rallied over 4 percent after the company reported a net profit of Rs 241.17 crore in Q4FY21 as against a loss of Rs 57.32 crore, YoY. Revenue rose 82 percent to Rs 7,000.49 crore from Rs 3,838.46 crore, YoY.

Globally, Asian shares rose on Friday, tracking gains on Wall Street overnight that lifted the Nasdaq and the S&P 500 indexes to record highs after US President Joe Biden embraced a bipartisan Senate infrastructure deal, said a Reuters report.

In morning trade, MSCI's broadest index of Asia-Pacific shares outside Japan climbed 0.58 percent.

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