Markets open up with gains: Sensex up 240 points, Nifty above 15,700

In the previous trading session, the domestic equity benchmarks had ended on a negative note for the second day in a row, mirroring weakness in global markets after the US Federal Reserve surprised investors by signalling faster-than-expected rate hikes.

Equity benchmarks Sensex and Nifty opened on a positive note on Friday as the market traded in the green in the opening session. At 9am, the 30-share BSE Sensex was trading 244.74 points or 0.47% higher at 52,568.10, while the broader Nifty 50 benchmark was up by 65 points or 0.41% at 15,756.50. In the previous trading session, the domestic equity benchmarks had ended on a negative note for the second day in a row, mirroring weakness in global markets after the US Federal Reserve surprised investors by signalling faster-than-expected rate hikes.

Sensex, Nifty opened on a positive note on Friday. (File Photo)

Elsewhere in Asia, Friday morning trade was mixed as bourses in Shanghai and Hong Kong had ended on a positive note in the previous trading session, while Seoul and Tokyo ended on the red yesterday but were seen trading fractionally higher this morning.

This is a developing story. Further details are to be updated.