After posting losses in the past six sessions, benchmark equity indices closed higher on Friday, led by banks on strong earnings and IT stocks on cooling inflation in the US. The market capitalisation of all listed companies on BSE surged by Rs 4.54 lakh crore to Rs 310.58 lakh crore. JP Morgan upgraded India to ‘Overweight’ from ‘Neutral’ as it recommended investors to use the near-term correction/dip as an opportunity to add and leverage on a positive historical seasonality to the general election. Markets rejoiced on softening of the US bond yields on Thursday. Asian markets rose on Friday after blockbuster earnings from tech giants Amazon and Intel. Asian currencies were mostly higher aided by an improvement in risk appetite. Buying action returned in most sectors with significant gains in the Nifty Bank. The consecutive six-day correction has brought the markets in oversold territory. Valuations which were at premiums are now at a fair price according to experts and offer buying opportunities to investors and traders.