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.
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.