Key benchmark indices drifted higher in early trade. At 9:28 IST, the barometer index, the S&P BSE Sensex, was up 88.01 points or 0.25% at 35,287.81. The Nifty 50 index was up 25.25 points or 0.24% at 10,625.30.
The S&P BSE Mid-Cap index was up 0.22%. The S&P BSE Small-Cap index was up 0.4%.
The market breadth, indicating the overall health of the market, was strong. On the BSE, 865 shares rose and 465 shares fell. A total of 52 shares were unchanged.
Overseas, Asian stocks were mixed. US stocks rose Wednesday as tech rallied and surging oil pushed energy shares higher. US financial markets will be closed Thursday for the Thanksgiving Day holiday and see an early close Friday.
Back home, Yes Bank (up 1.64%), TCS (up 1.45%) and ONGC (up 1.38%) edged higher from the Sensex pack.
Bharti Airtel (down 2.35%), Power Grid Corporation of India (down 0.82%) and M&M (down 0.57%) edged lower from the Sensex pack.
Redington (India) rose 2.44%. Redington Gulf FZE, (Redington Gulf) a step-down subsidiary of Redington (India), that it had acquired additional 24.8% stake in Citrus Consulting Services FZ LLC (Citrus), its subsidiary company. With this acquisition, the total holding of Redington Gulf in Citrus had increased from 60% to 84.8%. The announcement was made after market hours yesterday, 21 November 2018.
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