Equity benchmark indices opened higher ahead of retail inflation today. IOC, Tata Steel, Infosys, GAIL, and BPCL were top gainers on NSE, while Grasim, Tata Motors, L&T, and Bajaj Auto fell the most.
Shares of TCS and Infosys are up 1% each ahead of Q4 results later in the day.
The Sensex rose 106 points at 38,713 and the Nifty50 was up 28 points at 11,624. The market breadth was positive on the NSE with 951 shares advancing, 557 shares declining, and 557 remaining unchanged.
In the broader markets, the BSE Midcap was trading at 15,442, up 59 points while, the BSE Smallcap gained 45 points at 15,011.
Shares of SpiceJet jumped 7% on the BSE in the morning trade.
Share price of Lumax Auto Technologies jumped 4.5% as the company entered into a joint venture agreement with the German company.
The Volatility gauge, India VIX is up 0.76% at 21.11.
The most active stocks on the NSE are Indiabulls HF, Reliance Industries, YES Bank, TCS, and ITC.
Meanwhile, Asian stock markets traded mixed after US shares showed little direction ahead of corporate earnings and followed data confirming that economy remains on solid footing.
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