Equity benchmarks opened on a flat note amid mixed Asian cues. The Sensex was up 35.97 points at 27202.84, and the Nifty gained 6.05 points at 8342.
The broader markets outperformed benchmarks with the BSE Midcap and Smallcap indices rising 0.2 percent and 0.5 percent, respectively.
The market breadth was also positive as about 923 shares advanced against 389 declining shares on Bombay Stock Exchange.
Bharti Airtel and Dr Reddy's Labs gained over a percent followed by ITC, HDFC, SBI, L&T and HUL while Infosys, HDFC Bank, TCS, Bajaj Auto, Reliance Industries and NTPC declined.
Punjab National Bank climbed over 3 percent as its subsidiary housing finance company has received approval for listing IPO from National Stock Exchange and Bombay Stock Exchange.
Asian markets were mixed with Shanghai and Nikkei falling half a percent while Hang Seng gained 0.8 percent.
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