Equity benchmarks opened moderately higher, with the Sensex reclaiming 32,000 level, backed by Reliance Industries and ITC. Nifty Bank also started off with 100 points gains.
The 30-share BSE Sensex was up 62.88 points at 32,018.23 and the 50-share NSE Nifty gained 14.40 points at 9,914.00. About two shares advanced for every share falling on the BSE.
HPCL was down 4 percent while ONGC gained 1.6 percent after cabinet gave ONGC in-principle approval to buy government’s stake in HPCL.
Coal India, ITC, Kotak Mahindra Bank and Bharti Airtel were early gainers among largescaps.In the broader space, Canara Bank, Mindtree, KPIT Technologies and Marico fell up to 4 percent while Just Dial, Sintex Industries, Balrampur Chini, Triveni Engineering, Bajaj Hindusthan, Mastek, Tata Elxsi, Jain Irrigation, Sterlite Technologies and MRPL gained nearly 7 percent.