The Indian equity benchmarks traded higher in opening deals on Friday after sliding in the previous two sessions. The domestic indices turned positive after crude oil eased as the United States and allies considered releasing more oil from storage to cool markets. Brent crude fell 0.22 per cent to $118.77 per barrel and U.S. crude down 0.5 per cent to $111.74 a barrel, but prices were still very high by historic standards. Asian shares traded on a choppy note amid hawkish U.S. monetary policy and ongoing fluctuations in commodity markets due to the Russia-Ukraine war.
Back home, the 30-share BSE Sensex jumped 202 points or 0.36 per cent to 57,797, while the broader NSE Nifty moved 48 points or 0.27 per cent up to 17,270.
Mid- and small-cap shares were trading on a positive note as Nifty Midcap 100 index rose 0.25 per cent and small-cap shares surged 0.47 per cent.