Mumbai: Equity benchmark indices were in the positive territory during early hours on Thursday tracking positive developments on the global horizon.
At 10:15 am, the BSE S&P Sensex was up by 128 points at 36,852 while the Nifty 50 edged higher by 59 points to 10,904.
At the National Stock Exchange, sectoral indices were mixed. The nifty metal gained by 2.4 percent. Nifty auto, FMCG, IT and pharma too were in the green but financial services, PSU bank, and realty witnessed marginal losses.
Among stocks, ONGC gained by 6.1 percent, Coal India by 5.1 percent, NTPC by 4.6 percent, and Indian Oil Corporation by 4.5 percent.
Metal stocks were up with Vedanta gaining 2.8 percent, Tata Steel by 2.6 percent and JSW Steel by 2.1 percent.
However, HDFC slipped by 2.1 percent to Rs 2,054.35 per share while ICICI Bank was down by 1.5 percent, State Bank of India and Kotak Mahindra Bank lost by 0.6 percent each.
Meanwhile, Asian stocks shot up after China announced another round of trade talks with the United States next month. The development came amid fears of an escalating trade war that could trigger a global economic recession.
The United States plans to increase the tariff rate to 30 percent from the 25 percent duty already in place on 250 billion dollars worth of Chinese imports from October 1.