Sensex, Nifty Inch Higher In Early Trade

Indian shares edge higher; finance stocks lead

Indian shares edge higher; finance stocks lead

In opening trade, the 30-share BSE Sensex was up 82.94 points at 31,929.83 and the 50-share NSE Nifty gained 23.75 points at 10,012.50.

The Sensex and Nifty opened the session on a positive note owing to firm Asian cues.

Among the broader markets, midcaps had a day of outperformance with the index gaining around a percent, while smallcaps too gained one percent as well. The broader NSE Nifty ended 0.28 percent higher at 10,016.95. "In Europe, FTSE 100 now traded higher and DAX and CAC 40 traded lower". Caution prevailed as earnings season for the September quarter kicks off this week, traders said. Among them, healthcare index was up 0.82 per cent, followed by capital goods 0.78 per cent, IT 0.63 per cent and TECk 0.58 per cent, while consumer durables index was down 0.15 per cent. Domestic institutional investors (DIIs) net picked up shares worth Rs 55.42 crore yesterday.

Stocks such as ITC (down 0.82 per cent), ICICI Bank (down 0.96 per cent), HDFC (down 0.32 per cent), Hindustan Unilever (down 0.83 per cent) and Tata Motors (down 0.49 per cent) on the other hand, dragged the index on awaiting September quarterly numbers.

Elsewhere, Asian stocks closed mostly higher as investors assessed political developments in Washington and awaited cues from the US earnings season as well the minutes from the most recent Federal Reserve meeting due this week for direction.

FMCG and Realty stocks were trading in the negative.

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