Mumbai, June 5 -- The equity markets opened in positive territory on Friday as investors remained focused on the outcome of the Reserve Bank of India's Monetary Policy Committee (MPC) meeting, while also tracking global developments related to artificial intelligence stocks, foreign investment flows and the ongoing US-Iran negotiations.

The NSE Nifty 50 index was opened at 23,478.95, up 62.40 points or 0.27 per cent, while the BSE Sensex gained 269.93 points or 0.36 per cent to open at 74,629.94.

Ajay Bagga, Banking and Market expert, told ANI that reports of possible tax relief for foreign portfolio investors investing in Indian government bonds have improved sentiment.

"For India, there is talk of relief for FIIs investing in Indian ...