Equity benchmarks opened higher on Tuesday, with the Sensex hitting fresh record high, tracking positive global cues.
The 30-share BSE Sensex was up 112.99 points at 33,844.18 and the 50-share NSE Nifty rose 31.40 points to 10,483.20.
About three shares advanced for every share falling on the BSE.
ONGC gained 2 percent on higher crude oil prices. Brent crude oil futures climbed USD 64 per barrel.
GAIL, Vedanta, Aurobindo Pharma, Bharti Airtel and Bajaj Finance were early gainers while HPCL, BPCL, Yes Bank, Coal India and Wipro were losers.
Biocon, Reliance Communications and Tata Chemicals gained 1-4 percent.
PSU companies continued to be in focus after MMTC and STC merger news. MMTC rallied 17 percent and STC gained 8 percent on hopes of merger. Hindustan Copper, FACT, RCF, Engineers India and MTNL were up 2-4 percent.
After earnings, Bharat Seats, GTPL Hathway, AstraZeneca, Thomas Cook, GIPCL and KEC International rallied 2-15 percent while Jaiprakash Power Ventures and Just Dial fell around 2 percent.
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