India's Sensex extended record rally on Friday following gains in Asian equities as upbeat earnings from U.S. hi-tech giants boosted risk appetite.
Stocks in Asia extended gains after a batch of strong earnings from Alphabet, Microsoft and Amazon.com.
Japan's Nikkei gained 0.6 percent while South Korea's Kospi rose 0.2 percent and Australian shares rose 0.2 percent. MSCI's broadest index of Asia-Pacific shares outside Japan was flat in dollar terms.
At 0600 GMT, the S&P BSE Sensex rose 0.11 percent at 33,185 while the broader NSE Nifty lost 0.14 percent to 10,329.
The benchmark Sensex ended a record high of 33.147 for the first time on Thursday as investors and analysts cheered the bank recapitalisation plan and road construction push to kickstart economic growth recovery.
United Spirits jumped 7 percent after the company said standalone net profit rose 86 percent in the quarter ended September.
The S&P BSE Bankex Index fell after rallying in the past two sessions. Lenders including Punjab National Bank, State Bank of India and Bank of Baroda fell between 2 percent to 5 percent in Mumbai trading.
Yes Bank slumped 9 percent after the lender reported a sharp rise in bad loans on Thursday following the Reserve Bank of India's supervisory assessment.
Biocon lost 4.5 percent after the bio-pharmaceutical company reported a lower-than-expected profit for the quarter ended September.
Market breadth was in the favour of gainers, with about 2 stocks advancing to every 1 stock that declined.