Mumbai: Indian equities rose nearly 0.5% on Friday led by gains in index heavyweights Reliance Industries and Tata Consultancy Services Ltd. Investors also focused on the vote in UK Parliament after the last-minute Brexit deal.

At 11.17am, the benchmark Sensex was 0.45% higher at 39190.82 points, while Nifty was up 0.42% at 11626.10 points.

Traders exercised caution as they await fresh cues on potential trade deal between the US and China. They also await Reserve Bank of India's minutes of the latest monetary policy meeting that are due later today.

US share indices saw another flat session overnight as markets consolidate near all-time highs with Dow Jones 200 points away from its new highs. Globally, the first step in trade resolution and an amicable settlement finally seeing the light of the day for the Brexit resolution should see equities globally outperform.

Asian stocks drifted after a mixed bag of economic data from China. Stocks pared early gains to trade little changed after China’s GDP growth weakened, though monthly industrial production data beat estimates. The indicators may have limited significance as investors look to a potential US-China trade deal between US President Donald Trump and Chinese President Xi Jinping next month. Japan’s Nikkei index was up 0.6%, while Hong Kong’s Hang Seng fell 0.2%.

Reliance Industries Ltd rose 1.8% as the company crossed 9 trillion market capitalisation, ahead of its September quarter earnings due later on Friday. Ten of the 14 analysts polled by Bloomberg expect RIL’s consolidated net profit to be 11256 crore. Nine analysts estimate the company’s revenue at Rs1.51 trillion. TCS gained 1%.

Yes Bank surged 6% after reports said industrialists Sunil Munjal and Sunil Mittal expressed interest in buying stake in the private bank.

BHEL gained 28% after CNBC-TV18 report said the government may pare stake in the company in tranches to 26% from 63.17% now.

Zee Entertainment Enterprises Ltd fell 7.5% as concerns over the company’s financial situation continued even as it reported a 6.73% rise in consolidated net profit to 412.09 crore for the second quarter ended September 2019, driven by strong performance in domestic broadcast and digital businesses.