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The Indian equity market was trading on a positive note on Friday morning, thanks to Axis Bank and Reliance Industries adding 3-4 percent helping the Nifty gain 60 points which was trading at 10,678 while the Sensex was up 202 points or 0.58 percent.
Bank Nifty was up in the morning trade, gaining 1 percent led by Axis Bank which jumped 4 percent after the company reported its Q4 numbers on Thursday.
The other gainers included Yes Bank which added 3 percent followed by ICICI Bank, up 2 percent while State Bank of India gained 1 percent. Bank of India, Canara Bank and PNB were the other gainers.
Nifty Energy also outperformed the broader indices led by Reliance Industries which jumped 3.5 percent ahead of its Q4 numbers, hiiting new record highs in the morning trade. The other performers were BPCL, HPCL and GAIL India.
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