India, June 20 -- The DAX benchmark that tracks the performance of the 40 largest companies listed on the Frankfurt Stock Exchange rebounded on Friday in the wake of renewed hopes of a diplomatic solution to the raging Middle East crisis.

The index is currently trading 0.85 percent higher at 23,252.44, versus the previous close of 23,056.71. The day's trading ranged between a high of 23,178.50 and a low of 23,316.89.

In the 40-scrip index, only Symrise is trading in the overnight red zone. Close to 14 of the scrips have rallied more than a percent.

Porsche topped with overnight gains of 1.9 percent. Infineon Technologies also rallied 1.6 percent.

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