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The 30-share index was trading higher by 229.89 pionts or 0.61 percent 37,786.05.
The rupee weakened by another 7 paise to trade at fresh one-week low of 68.77 against the US dollar.
The BSE Sensex was trading 119.55 points or 0.35 percent down to 33,725.31 in early morning trade.
The BSE Sensex which opened at 33913.94 was trading 81.65 points or 0.24 percent up in early morning trade.
Both the BSE Sensex and Nifty managed to close the week flat at 34,010.76, up 5 points, and 10,452.30 marginally down 2.65 points respectively.
Shares of PNB were down 7.37 percent to Rs 135.05 a piece at 9:24 am.
The BSE 30-share barometer jumped over 200 points to open at 34203.34.
The BSE Benchmark Sensex opened 406.55 points down 34,660.20 while the NSE Nifty was 129.10 points down at 10,631.50.
The Sensex of the BSE after opening at 35,951.64 points touched a high of 36,029.16 and low of 35,909.45 points.
The benchmarke Sensex dropped 100 points while the NSE Nifty slid below 11,100 in the opening trade today.
The BSE Sensex opend 46 points up at 36,208.39 but minutes into the trading it fell into negative zone.
NSE Nifty that breached 11,000 for the first time ever yesterday, opened lower at 11,069.35.
Healthy buying trend was witnessed in capital goods, automobile, banking and oil and gas stocks.
The BSE Sensex traded at 561.42 points or 1.68 percent lower soon after opening.
The NSE Nifty reclaimed 10,350.
he key Indian equity market indices on Thursday opened higher after the US Federal Reserve hiked interest rate.
The gauge had lost 227.80 points in the previous session.
The Sensex touched a high of 33,458.41 points and a low of 33,345.38 points during the intra-day trade so far.
All the sectoral indices led by realty, auto and healthcare were trading in the positive zone with gains up to 1.29 percent.
The broader Nifty of NSE dropped by 17.30 points or 0.17 percent to 10,382.25.
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