The Sensex is up 147.45 points or 0.44% at 33966.95, and the Nifty up 40.70 points or 0.39% at 10423.40. The market breadth is positive as 1412 shares have advanced, 483 shares declined, and 140 shares are unchanged.

Shares of Federal Bank gained 4.5 percent in the early trade on Friday as the company is going to acquire stake in Equirus Capital.

The board of directors of the bank has approved acquisition of significant minority stake of up to 26 percent of the paid-up share capital of Equirus Capital, a financial services company.