Mumbai: The Bombay Stock Exchange benchmark Sensex rose by over 105 points in opening trade on Friday, with IT stocks leading the gains after Tata Consultancy Services posted a 26.7 percent rise in Q1 profit to Rs 2,415 crore.

The 30-share index of the Bombay Stock Exchange, which has gained 206.58 points in the past two sessions, moved up further by 105.35 points, or 0.57 percent, to 18,723.55 points in opening trade on Friday.

In a similar fashion, the wide-based National Stock Exchange Nifty index gained 27.50 points, or 0.49 percent, to 5,627.40.

Brokers said the trading sentiment was buoyed after the country's largest software company Tata Consultancy Services (TCS) on Thursday posted a 26.7 percent rise in net profit to Rs 2,415 crore for the first quarter of FY2011-12.

Stocks of TCS were trading 3.53 percent higher at Rs 1,165, while the most-weighted IT firm Infosys gained 0.55 percent to Rs 2,756, lifting the IT sector index by 1.38 percent to 5,915.68 points in opening trade.

Meanwhile, in the Asian region, Japan's Nikkei rose by 0.20 percent, while Hong Kong's Hang Seng index shed 0.35 percent in morning trade on Thursday.

Agencies