Mumbai: The Sensex on Friday climbed over 247 points in the opening trade on the Bombay Stock Exchange due to easing food inflation.

It gained over 865 points in the past four sessions and suddenly shot up by 247.21 points, or 1.33 per cent, to 18,736.97 on Friday. Banking, auto, metal, capital goods and oil and gas stocks led the rally.

The National Stock Exchange Nifty index also gained 72 points, or 1.13 per cent, to 5,608.20 points.

According to brokers, a firming trend on other Asian bourses following overnight gains in the US market and easing food inflation mainly buoyed the trading sentiment at home.

In addition, corporate-friendly Budget proposals also supported the ongoing rally on the bourses, they said.

In the Asian region, Hong Kong's Hang Seng index was up by 1.41 per cent, while Japan's Nikkei index rose 1.56 per cent in Friday’s early trade.

The US Dow Jones Industrial Average ended 1.59 per cent higher in Thursday's trade.

(Agencies)