NEW DELHI: Benchmark indices opened on a firm note on Monday, thanks to recent weakening of crude prices overseas.
At 9.22 am, the BSE Sensex was trading 109.61 points, or 0.31 per cent, higher at 35,090.63.
The index was up over 150 points in early trade.
Nifty50 added 35.65 points, or 0.34 per cent, to trade at 10,562.40.The 10,646-10,775 is likely to be treated as immediate hurdles.
If Nifty has to gain any strength, it has to first overcome this sturdy wall.
Till then, one needs to stay light on positions and avoid taking undue risks, said Angel Broking in a note.Bharti Airtel gained 2.04 per cent to Rs 334.65.
It was followed by Axis Bank, Power Grid and Reliane Industries, which climbed 1.90 per cent, 1.39 per cent and 0.97 per cent, respectively.
YES Bank slid 4.68 per cent to Rs 186.40.
The non-convertible debenture holding by two big mutual funds Reliance Mutual Fund and Franklin Templeton is in focus since some investors fear that ratings assigned to these instruments could be shaky after the steep stock price fall in the past few months.Adani Ports fell 2.56 per cent to Rs 357.75 while Wiprp declined 0.88 per cent to Rs 305, as these two stocks will be excluded from the BSE Sensex with effect from December 24.Bajaj Finance edged 0.3 per cent higher while HCL Technilogies trimmed 0.4 per cent following announcement of their inclusion in the 30-pack index.
Jet Airways gained 1.4 per cent as founder-chairman Naresh Goyal is likely to rope in Etihad Airways to further invest in its equity in a bid to overcome a looming financial crisis that is currently enveloping his airline.