Equity benchmarks opened mildly higher amid consolidation after sharp fall seen in previous session. Investors will closely watch crude oil price movement and corporate earnings.
The 30-share BSE Sensex was up 33.45 points at 33,404.21 and the 50-share NSE Nifty gained 11.90 points at 10,362.10.
The broader markets gained 0.2 percent. About 818 shares advanced against 358 declining shares on the BSE.
Cipla surged 3 percent post better-than-expected earnings.
Lupin was up 1.6 percent on short covering as company said it would try to resolve warning letter early.
Bharti Airtel plunged 4 percent as sources told CNBC-TV18 that three investors will sell stake in company today.
After earnings, DCB Shriram, Polaris Consulting, L&T Technology and Ballarpur Industries gained 3-8 percent while Manappuram Finance, Vinati Organics and Tata Coffee were down 2-4 percent.
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