Besides, a firming trend in the global markets also buoyed the trading sentiment. The 30-share index, which had gained 377.81 points in the previous three sessions, rose by 286.78 points, or 1.41 percent, to 20,559.69, with stocks of IT, technology, realty and banking sectors leading the rise in morning trade. This is Sensex's highest level since September 20, 2013.

Similarly, the National Stock Exchange index Nifty rose by 86.65 points, or 1.43 percent, to 6,107.60. Buying activity gathered momentum after Infosys revised both dollar as well as rupee guidance upwards for 2013-14 fiscal, which mainly influenced the trading sentiment, brokers said.

A strong trend in the Asian region following overnight gains in US markets on hopes that Washington might make progress in breaking its ongoing budget impasse, further generated buying by participants, they said. Infosys' shares climbed 7.54 percent to Rs 3,360 after the company revised US dollar guidance upwards to 9-10 percent for 2013-14 fiscal from 6-10 percent earlier. It also raised rupee guidance to 21-22 percent from 13-17 percent earlier.

Other IT stocks such as TCS gained 0.85 percent to Rs 2,099.25. Wipro was up by 2.01 percent to Rs 490. In the Asian region, Hong Kong's Hang Seng index was up by 1.21 percent, while Japan's Nikkei Index gained 1.31 percent in the morning trade on Friday. The US Dow Jones Industrial Average ended 2.18 percent higher in Thursday's trade.


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