BSE 30-share Sensex was up 67 points at 17,050 and NSE Nifty was up 22 points at 5,089.
Markets have opened with a slight positive bias defying weak cues from the Asian and overnight losses in the US markets. BSE Metals index which was badly beaten down in the previous trading session is among the top gainer, followed by Oil & Gas and Auto index. On the other hand, BSE Pharma index is in the red.
Among the 30 components of the Sensex 20 are in the positive terrain and 10 are in the red. Reliance Industries, Tata Steel, Bharti, ICICI Bank and L&T are among the major gainers. On the other hand, HDFC Bank, ONGC, SBI and TCS are among the major laggards.
At 10:09 am (IST), the BSE 30-share Sensex was up 67 points at 17,050 and NSE Nifty was up 22 points at 5,089.
US stocks closed mixed on Monday at the end of a choppy session which was affected by a slight recovery in the dollar, falling oil and gold prices and comments from Fed chairman Bernanke that eased worries about higher interest rates.
The Dow Jones Industrial Average was barely changed, at 10,390.11. The S&P 500 index lost 3 points, or 0.3%, to 1,103.25. The Nasdaq Composite index shed 5 points, or 0.2%, to 2,189.61.
Stocks were pretty volatile as investors weighed Bernanke's comments, the direction of the dollar and commodity markets in the aftermath of last week's big payrolls report. Stocks had gained on Friday at the end of a bumpy session following a better-than-expected November jobs report.
European shares edged lower, paced by weakness in banks. The pan-European Dow Jones Stoxx 600 index, which posted gains of 2.7% last week, took a breather, closing down 0.5% at 247.88.
The UK's FTSE 100 index fell 0.2% to 5,310.66, while Germany's DAX index lost 0.6% to 5,784.75 and the French CAC-40 index slipped 0.2% to 3,840.05.
