Stock markets on Friday managed modest gains with a 59-point upward move in the benchmark Sensex, helped by good buying in heavyweights like Reliance Industries and Bharti Airtel, as also positive global cues.

The Sensex, which had gained nearly 380 points in the last three sessions, added 44.54 points at 17,563.80 points in the first five minutes of trading.

The rupee on Thursday weakened by 10 paise against the US currency to close at 45.44/45 on increased dollar buying by importers, mainly oil refiners.

The stock market today nudged 29 points higher after a volatile session with Infosys and RIL leading the charge, after global rating agency S&P revised its outlook on India's finances to stable from negative.

The stock market continued to rally for the second straight day on Wednesday with the benchmark Sensex surging by 107 points to its best close in two months on good support from global equities and handsome buying in ICICI Bank counter.