Mumbai, Jan 16 || The Indian benchmark indices traded with gains on Friday, buoyed by crude oil prices falling overnight and indication of the European Union (EU) and India signing a free trade agreement (FTA) later this month.
As of 9.25 am, Sensex added 239 points, or 0.29 per cent to reach 83,622 and Nifty advanced 50 points, or 0.2 per cent to 25,715.
Main broad cap indices performed in line with benchmark indices, with the Nifty Midcap 100 adding 0.35 per cent, and the Nifty Smallcap 100 adding 0.11 per cent.
Among sectors, IT index was the major gainer, up 1.96 per cent, while the realty index edged up 1.28 per cent. Media, metal and pharma inched down 0.3 to 0.5 per cent each.
Analysts said the markets lack major triggers for a directional move. A US Supreme Court ruling that could have caused global market volatility didn't happen, and since there's no timeline, it's unlikely to affect the market soon, they added.
The market is likely to respond to the major Q3 results in India. Better-than-expected results will trigger stock-specific action but won't cause a broad based rally in the market.