In opening trades Sensex adds 277 points or 0.47% to 59,042 while the Nifty 50 was trading at 17,615 higher by 83 points or 0.48%.
With a gain of 29.55%, Triveni Turbine was the top performer of the week as its shares rallied from Rs 134.35 on Sept 24, to Rs 174.05 on Oct 01.
The BSE Realty index has given a return of more than 25% in past one month, some consolidation in the near term for one or two months is likely.
The domestic market remained in the consolidation phase throughout the week as the market lacked major positive domestic cues.
Shares in Europe declined while Asian markets slipped, following an overnight drop on Wall Street
Given the huge impetus on the defence by the government, the stock presents a good opportunity for investors to participate in this niche space.
Maruti Suzuki estimated that the total vehicle production volume across both locations could be around 60% of normal production.
Paras Defence & Space Technologies opened for trading at Rs 469 on the National Stock Exchange, a premium of 168%
The offer received bids for 2.99 crore shares against 2.77 crore shares on offer.
Nifty Bank index was the top loser down by 1.04%, Nifty Metal index losing around a per cent.