Mumbai: Banks lead the gains, recovering from falls sparked by weaker global shares. State Bank of India gains 1.5 percent on value buying after the stock fell more than 2 percent in the previous session. ICICI Bank gains 2 percent.
A survey showing brisk U.S. manufacturing activity gave Asian stock markets a lift and bolstered the dollar.
But Shree Renuka Sugars slumped 6 percent on fears of equity dilution after Singapore's Wilmar International said on Thursday it agreed to invest up to $145 million for a major stake in the company.
Overseas investors bought Indian shares worth 2.06 billion rupees, extending their buying streak to a seventh consecutive session, provisional exchange data shows.
