Indian shares edge up as banks, energy stocks gain

Indian shares tracked broader Asia higher on Friday, with banks and energy companies leading the advance, although gains were capped by a surge in coronavirus cases and related restrictions.

The blue-chip NSE Nifty 50 index rose 0.5% to 17,847 and the benchmark S&P BSE Sensex gained 0.57% to 59,941.44 by 0357 GMT. Both indexes fell 1% in the previous session, but were headed for a weekly gain of more than 2%.

The bank Nifty index rose 1.2%, while the energy index gained 1.1%.

India's daily COVID-19 cases rose by 117,100 in the past 24 hours, the health ministry reported on Friday.