At around 09.31 am, Sensex was trading at 58,015.09 up 162.55 points or 0.3%. Nifty 50 performed at 17,280.25 higher by 46.10 points or 0.3% respectively.
In the opening bell, Sensex clocked a new 52-week high of 58115.69 and Nifty 50 touched a new all-time high of 17,311.95.
Both foreign and local funds have turned buyers and hence consolidation is expected in the first half of Friday's trading session, however, the second half may witness some profit booking.
In terms of sectoral indices, on BSE, the Bankex jumped 265 points, while the Consumer Durables and Capital Goods advanced 384 points and nearly 190 points.
Top bulls on Sensex - Titan surged nearly 2% followed by Kotak Bank and Reliance Industries zoomed more than 1% each. Stocks like SBI, NTPC, IndusInd Bank, ICICI Bank, Axis Bank, Bajaj Finance and Bajaj Auto gained between 0.5-1%.
Top bears on Sensex were - HCL Tech, HUL, Ultratech Cement, Tech Mahindra, TCS and M&M dipped between 0.5-1%.
On the global front, Asian markets were broadly in green with exception of Chinese and Hong Kong shares. Hang Sensex index has dived nearly 1% and is the top underperformer, while the Shanghai Composite index traded marginally lower.
A cautious note was seen in Chinese stocks due to a private survey indicated that the country's service sector was contracting for the first time since early 2020. In August 2021, the Caixin/Markit services Purchasing Managers’ Index stood at 46.7 compared to 54.9 of the previous month. PMI readings below 50 show contraction, while the reading above 50 signals expansion.
Meanwhile, in the Asian markets, Japan's Nikkei 225 outperformed counterparts by soaring more than 530 points, while Australia's S&P/ASX and South Korea's KOSPI index surged nearly 1% each.
Furthermore, investors were upbeat in Asian stocks on the back of weak dollar after indices on Wall Street travelled to record highs ahead of a U.S. jobs data that is expected to give some views on the outlook for Federal Reserve monetary policy.
Overnight, on Wall Street, US indices end at a record high with the Dow Jones settling over 130 points, while the S&P 500 and Nasdaq Composite slightly above after clocking fresh 52-week highs of 15,380.07 and 4,545.85 earlier on Thursday. Energy and bank stocks lead the gainers as Russell 2000 index sees the midcap stocks starting to outperform. Bond yields closed at 1.28% while the US dollar further weakens to 92.17.