Mumbai: Sensex and Nifty indices rose in early trade on Friday, following global cues on expectations of interest rate cut by US Federal Reserve next week. The 30-share BSE Sensex rose 287.93 points to 81,836.66 in early trade. The 50-share NSE Nifty rose 84.25 points to 25,089.75. Meanwhile, the Indian rupee fell 7 paise to 88.42 against the US dollar.
Among Sensex firms, Infosys rose 1.50 percent after the IT services giant said its board has approved the company's largest-ever share buyback programme of Rs 18,000 crore. Tata Motors, Maruti, Mahindra & Mahindra, Axis Bank and Larsen & Toubro were also among the gainers. However, Hindustan Unilever, HDFC Bank, State Bank of India and Titan lagged behind.
In Asian markets, South Korea's KOSPI, Japan's Nikkei 225 index, Shanghai's SSE Composite index and Hong Kong's Hang Seng continued to trade in positive territory. US markets closed higher on Thursday.