MUMBAI, Apr 10 (Business Standard): Benchmark indices are trading marginally higher led by power, capital goods and banking stocks. At 1430 hours, the 30-share Sensex was up 60 points at 22,763 levels and the 50-unit Nifty gained almost 16 points at 6,811.
Broader markets outperformed the benchmarks with BSE mid-cap and small-cap indices trading 0.8 per cent higher as compared to Sensex's 0.2 per cent uptick.
On trading strategies, Shshank Mehta, Independent Derivatives Strategist said "Nifty Futures are trading 6770. Traders with a bearish view are advised not to short Nifty at current or higher levels. I observe Nifty Futures adding 10 per cent to its Open interest in the previous two trading sessions with a bullish bias,"
Tata Motors stocks gained as much as 2.8 per cent at Rs 432.80 after touching a record high of 435 rupees after Citigroup raised its price target on the stock to 486 rupees from 421 rupees, citing the outlook for the automaker's luxury unit Jaguar Land Rover (JLR)
Piramal Enterprises has moved higher by 6 per cent to Rs 568 after the company agreed to divest its entire stake in Vodafone India for a total consideration of Rs 89 billion.
On the global front, Asian shares look to extend recent solid gains on Thursday after minutes of the Federal Reserve's latest policy meeting suggested the Fed may be more cautious towards raising interest rates than markets had thought.
Chinese exports and imports both undershot market expectations, but analysts said the data was likely to be distorted due to over-invoicing last year to skirt tight capital controls and markets showed muted reaction to the data.
MSCI's broadest index of Asia-Pacific shares outside Japan hit a five-month high and last stood 0.1 per cent higher, while Japan's Nikkei gained 0.7 per cent from a two-week low hit the previous day.
Back home, foreign institutional investors (FIIs) bought shares worth a net Rs 10.44 billion on Wednesday, 9 April 2014, as per provisional data from the stock exchanges.
