On the global markets front, Wall Street rallied more than 2 percent on Thursday as strong US economic data and hints that a September interest-rate hike was unlikely fueled optimism that the worst of recent market turmoil was over. Oil prices jumped 7 percent after a rally in equity markets and an unexpected fall in US crude inventories.
The Indian stock market opened on a rousing note this morning, extending previous session's gains, on strong global cues. The Sensex is up 278 points or 1.06% at 26,509.16 after vaulting to 26,595.66. The Nifty is up 91.65 points or 1.15% at 8040.60, after zooming to 8061.95 earlier. Indian stocks look headed for a higher opening on Friday, tracking positive global cues.