india trader
Traders work at a brokerage in Mumbai, India. Reuters

Indian stocks gained on Friday, as stronger-than-expected China trade data and the U.S. government avoiding a shutdown buoyed risk sentiment.

Beijing reported exports surged 12.3 percent in November from a year earlier, more than double the forecast, while imports climbed almost 18 percent.

Mirroring the positive sentiment, MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.6 percent.

Investors are awaiting catalysts that would provide reason to add to risk assets before the year draws to a close. Friday's U.S. jobs report is the next big data release on the calendar.

The S&P BSE Sensex advanced 0.91 percent at 33,250 while the broader NSE Nifty rose 0.97 percent to 10,265.

Among the top Sensex gainers, ITC rose 3.6 percent, Maruti Suzuki gained 2 percent, ONGC advanced 2.5 percent while Tata Motors was up 2.2 percent.

Future Consumer jumped 13.4 percent after brokerage firm Morgan Stanley initiated 'Overweight' rating with a price target of Rs95.

Escorts advanced 2.3 percent after brokerage firm HSBC initiated 'buy' rating on the stock with a price target of Rs835.

But Jet Airways India plunged 5 percent after the airlines operator reported a 91 percent decline in its net profit to Rs 49.63 crore in September quarter.

Market breadth was in the favour of gainers, with about 2 stocks advancing to every 1 stock that declined.