Mumbai, October 11: Key Indian equity indices-BSE Sensex and NSE Nifty started on a strong note on Friday after markets overcame a volatile day of trading to close with huge gains on Thursday. The BSE Sensex was up by over 122 points or 0.38% at 32,305 while Nifty was up by over 29 points or 0.30%  at 10,126.20 during early morning trade on Friday. In the pre-opening session, Sensex up over 50 points while the wider Nifty was above 10,150.

At 3.35 PM: NSE Nifty closed at record high of 10,167.45 on Friday while the Sensex ended 250 points higher at 32,432.69. The key indices celebrated early Diwali as the Nifty hit a fresh record high of 10,179.15 in afternoon deal. According to market observers, healthy domestic factory output data, coupled with a strong rupee and healthy buying in banking, metal and consumer durables stocks, drove the rally of the key indices. Reliance Industries climbed as much as 2.1 percent to a record high ahead of its September-quarter results.

At 1 PM: Sensex zoomed 261 points or 0.81% to 32,443.55 while Nifty was up by over 73 points or 0.73% at 10,169.95. Reports said that buying activity picked up momentum on positive economic data after industrial production grew to a 9-month high of 4.3 per cent in August while retail inflation came in at 3.28 per cent in September, unchanged from August.

At 12 Noon: Sectoral indices continued to trade in green across the board, with metal, realty and FMCG posting sizeable gains of up to 1.90 per cent. Sensex was over 234 Points up or 0.73% at 32,416.66 while the wider Nifty was up by 63 points or 0.63% at 10,160.10. As per PTI reports, driven by strong IIP numbers and an unchanged inflation, the Sensex on Friday rallied over 211 points to 32,393, reflecting interrupted buying by domestic institutional investors.

At 10.30 AM: Sensex was up by over 183 points or 0.57% at 32,365.93 while the wider Nifty was up by over 52 points or 0.52% at 10,149.35. The rupee on Friday opened 13 paise up at 64.95 against dollar on account of continued selling of greenback by banks and exporters.

On Thursday, BSE Sensex gained over 348 points or 1.09% at 32,182.22- its biggest one-day rise in three months while the wider Nifty was up by over 111 points or 1.12% at 10,096.40. Reports said that IIP and inflation data slated for the day heightened investors’ interest as they went on a buying binge at a time of a rising trend overseas. Oil and gas, healthcare, FMCG and auto counters drove the rally. As per reports, Sensex heavyweight Reliance Industries stole the show, surging 3.82 per cent to end at Rs 872.50 ahead of the second quarter earnings slated for Friday.

According to a PI report, the bounce in the Sensex was also supported by Sun Pharma that gained 2.59 per cent to Rs 539.40 after the company said it has received establishment inspection report (EIR) from the US health regulator for its Dadra facility.  Reliance Industries (RIL), which will declare its Q2 results on Friday and is likely to post 12 per cent growth in standalone net profit for Q2. The initial public offering (IPO) of General Insurance Corporation of India (GIC Re) was subscribed 90% or 0.9 times on its second day on Thursday with investors bidding for 11.16 crore against a total of 12.47 crore shares on offer.