Indian equity markets on Friday traded higher in the morning session ahead of a key central bank policy decision as investors awaited cues on how the central bank plans to address inflation and currency pressures amid elevated energy prices driven by geopolitical tensions in West Asia. 

According to IANS, the Sensex jumped as much as 0.48 per cent or 357 points, to 74,717.57, hitting an intraday high in early trade. Similarly, Nifty was trading 0.42 per cent or 100 points higher at 23,516.