The BSE Sensex rose by 33.29 points, or 0.09 per cent, to close at 35,962.93, while the Nifty settled at 10,805.45, up 13.90 points, or 0.13 per cent.

A three-judge bench headed by Justice Ranjan Gogoi on Friday ordered a status quo on sale of Fortis Healthcare to IHH Healthcare Berhadwhile hearing a petition filed by Japanese drugmaker Daiichi Sankyo.

Riding high on media report, shares of the bank gained as much as 2.91 per cent to touch an intra-day high of Rs 179.80 apiece on the Bombay Stock Exchange, after opening marginally lower at Rs 173.00.

Top Sensex gainers were Bharti Airtel (2.66%) , YES Bank (1.52%) and Asian Paints (0.95%). Adani Ports (0.75%), Maruti (0.63%) and HeroMotoCorp (0.64%) were the top Sensex losers.

While benchmark US crude oil price jumped 2.8 percent to $52.58 per barrel, brent crude rose 2.2 percent to $61.45 per barrel.

The hunt for a new chief executive began after the RBI refused another term to the incumbent Rana Kapoor citing \"serious lapses\" in governance and a \"poor compliance culture\" at the bank.

It hit an intra day high of 194.30 or a gain of 4.01% in trade today.  However, the stock saw profit booking at higher levels and pared all gains made during the day to close in the negative territory.

The BSE SENSEX closed at 35,929.64, up by 150.57 points, or by 0.42 per cent, and the NSE Nifty ended at 10,791.55, up by 53.95 points, or by 0.50 per cent.

The stock made a strong come back this week, after hitting 52-week low of Rs 147 last month, as investors rushed to buy the stock ahead of the announcement of a successor to its Managing Director and CEO, Rana Kapoor, who will have to step down from his position early next year.

\"Pricol and Pointer Telocation announced today that they intend to enter into a joint venture to provide advanced telematics and IoT solutions in India and other countries in South East Asia,\" the company said in a filing to Bombay Stock Exchange on Thursday.

Recovery in rupee and positive cues from other Asian markets too influenced investor sentiment. Rising for the third straight session, the 30-share index was trading higher by 263.70 points, or 0.74 per cent, at 36,042.77.

The stock opened 3.80% higher at 190.70 compared to the previous close of 186.80 on the BSE and was the top gainer on Sensex today.

Sameet Chavan, Chief Analyst, Technicals and Derivatives at Angel Broking, takes viewers through all the market action today. The Sensex and Nifty closed higher today a day after Congress defeated BJP in three key states of Chhattisgarh, Rajasthan and Madhya Pradesh and the government announced Shaktikanta Das as new RBI governor.