Indian shares opened higher on Friday, aided by a rise in financials and optimism that the rate hike cycle may be near its end after global central banks hinted at inflation easing, while the ongoing rout in Adani group stock capped gains.

The Nifty 50 index rose 0.25% to 17,655, while the S&P BSE Sensex climbed 0.47% to 60,208.89, as of 9:52 am.

High weightage financials rose over 1% ahead of earnings of the country's largest lender State Bank of India and after clarification from life insurers SBI Life and HDFC Life, addressing investor concerns regarding the latest budget proposals.

(With inputs from agencies)