India's shares opened higher on Friday, driven by gains in financial stocks, as markets showed modest upward movement amid a lack of significant catalysts toward the year-end. By 9:16 am, the Nifty 50 index had risen to 23,

January typically tends to be a slower month according to the past decade’s seasonality, with Nifty often closing in the red 70 per cent of the time.

As markets in India and around the world reopen after the Christmas holiday, investors here are looking to ride the so-called Santa Clause rally driving Wall Street higher

On the final expiry day of the year, the domestic market stayed unchanged throughout the day, due to holidays in other markets and the absence of significant domestic or global catalysts.

Indian benchmark indices Nifty 50 and Sensex ended the previous trade session flat. Nifty 50 closed at 23,750.20, while Sensex ended at 78,472.48. Overnight, US markets remained choppy. Asian equities gained in early trade today.