Some buying activity is seen in capital goods, auto and healthcare sectors, while IT, consumer durables, banking and metal sector are showing weakness on BSE.
On Friday after market hours, the government announced that the CPI inflation moved up slightly to 5.01 percent in May 2015 (new base 2012=100) from 4.87 percent in April 2015.
India's Index of industrial production (IIP) also rose at an accelerated pace of 4.1 percent in April 2015 over a year ago compared with the revised growth of 2.5 percent in March 2015.
The BSE Sensex opened higher by 73-odd points at 26,498, while the Nifty was marginally up at 7,986.
At 9:37 AM, the S&P BSE Sensex is trading at 26,484 up 58 seven points, while NSE Nifty is trading at 7,995 up 12 points.
The broader market is out-performing the CNX Nifty index, the Midcap and Smallcap index was up 0.2 percent each at 12,441 and 5,105, respectively.
Among sectors, the CNX IT index has declined 0.4 percent at 11,000. The Bank Nifty, PSU Bank, FMCG and Energy indices are the other losers.
Soon, the key benchmark index slipped into the negative zone and touched a low of 26,308 and 7,944, respectively. Due to weakness in IT, Bank Nifty, and PSU Bank index.
On the other hand, the CNX Pharma and Auto indices have gained 0.4-0.5 percent each at 11,371 and 7,941, respectively.
Power Grid and Cairn India are the top Nifty losers - down over 1.5 percent each at Rs. 143 and Rs. 178, respectively.
NTPC, Bank of Baroda, IndusInd Bank, Ambuja Cement, Hindalco, TCS, Cipla and Bajaj Auto are the other prominent losers.
On the other hand, Sun Pharma has spurted over a percent at Rs. 822. Vedanta, HDFC and HCL Technologies have gained almost a percent each at Rs. 185, Rs 1,200 and Rs. 903, respectively.
India's Index of industrial production (IIP) also rose at an accelerated pace of 4.1 percent in April 2015 over a year ago compared with the revised growth of 2.5 percent in March 2015.
The BSE Sensex opened higher by 73-odd points at 26,498, while the Nifty was marginally up at 7,986.
At 9:37 AM, the S&P BSE Sensex is trading at 26,484 up 58 seven points, while NSE Nifty is trading at 7,995 up 12 points.
The broader market is out-performing the CNX Nifty index, the Midcap and Smallcap index was up 0.2 percent each at 12,441 and 5,105, respectively.
Among sectors, the CNX IT index has declined 0.4 percent at 11,000. The Bank Nifty, PSU Bank, FMCG and Energy indices are the other losers.
Soon, the key benchmark index slipped into the negative zone and touched a low of 26,308 and 7,944, respectively. Due to weakness in IT, Bank Nifty, and PSU Bank index.
On the other hand, the CNX Pharma and Auto indices have gained 0.4-0.5 percent each at 11,371 and 7,941, respectively.
Power Grid and Cairn India are the top Nifty losers - down over 1.5 percent each at Rs. 143 and Rs. 178, respectively.
NTPC, Bank of Baroda, IndusInd Bank, Ambuja Cement, Hindalco, TCS, Cipla and Bajaj Auto are the other prominent losers.
On the other hand, Sun Pharma has spurted over a percent at Rs. 822. Vedanta, HDFC and HCL Technologies have gained almost a percent each at Rs. 185, Rs 1,200 and Rs. 903, respectively.
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