Opening bell: Sensex gains 50 points, RCom shares drop 2%

Benchmark indices on Friday opened in green following the footmarks of their Asian peers as worries over trade war decreased as US softened its stance on import tariff.

Asian shares rallied and the safe-haven yen eased on Friday after North Korean leader Kim Jong Un offered to stop nuclear and missile testing and U.S. President Donald Trump agreed to a meeting that could come before May.

South Korea's national security adviser made the announcement at the White House, after delivering a letter from Kim. Trump's aides have been wary of North Korea's diplomatic overtures because of its history of reneging on international commitments.

At 9:45 AM, Sensex was up by 82.61 points to trade at 33,443.89 points while Nifty was at 26.15 with 10,267.85 points.

The shares of Reliance Communications downgraded by two per cent as the Bombay High Court dismissed a plea by Reliance Communications challenging an arbitration tribunal’s order that restrained the sale or transfer of the telco’s assets.

Major gainers that supported the upmove were Bajaj Auto, Bharti Airtel, Asian Paints, Tata Steel, Adani Ports, Hero MotoCorp, HDFC, ITC and Dr Reddy's, rising by up to 1.03 per cent.

However, Gitanjali Gems remained under selling pressure and traded 4.82 per cent lower at Rs 15.80.

Domestic institutional investors bought shares worth a net Rs 675.26 crore, while foreign portfolio investors soldshares worth a net Rs 364.80 crore yesterday, provisional data showed.

Globally, Hong Kong's Hang Seng was up 0.85 per cent, Shanghai's Composite rose 0.11 per cent and Japan's Nikkei went up by 0.87 per cent in early deals.

The US Dow Jones Industrial Average ended 0.38 per cent higher in yesterday's trade.

Bombay Stock Exchange - BSE

National Stock Exchange of India Ltd (NSE)