The market continued to consolidate amid sharp spike crude oil prices, as investors look for corporate earnings that will being tomorrow and macro data due later in the day.
The 30-share BSE Sensex was up 54.97 points at 33,995.41 and the 50-sahre NSE Nifty rose 2.90 points to 10,420.10.
Brent crude oil hit 2014 highs of USD 73.09 a barrel in previous session, but cooled off a bit from that level to trade around USD 72.35 a barrel today.
Oil retailers BPCL, HPCL and IOC are down over a percent while IT stocks gain up to 3 percent on fall in rupee against the US dollar.
Oil retailers extended previous day's losses, falling up to 3 percent after further spike in crude oil prices yesterday on tensions in Middle East.
Hindustan Petroleum Corporation, Bharat Petroleum Corporation and Indian Oil Corporation were down between 1-3 percent while state-run oil explorer ONGC gained a percent.
Oil markets remained tense on concerns of a military escalation in Syria, but prices were some way off Wednesday's 2014 highs as bulging American supplies weighed.
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