Indian shares tarded range-bound with 50-share Nifty index holding key 6,000 levels in morning trades after positive US economic data fueled hopes of global growth recovery however, gains were capped on caution ahead of third quarter earnings starting this week.
The Sensex gained 21.20 points and traded at 19,808.56 and the 50-share Nifty rose 6.60 points and at 6,022.15.
The gainers included Maruti Suzuki, Mahindra & Mahindra and Hero MotoCorp rose 1-2%, ONGC rose 0.7%, Reliance Industries gained 0.5% , Bharti Airtel was up 0.69%, Sun Pharma and Cipla gained 0.8% while Tata Steel and Hindalco rose nearly 0.1% each on BSE.
Oil companies rallied on reports the petroleum ministry has proposed a gradual rise in diesel prices, by 1 rupee a litre every month over a 10-month period. HPCL , BPCL gained 2.5% while Indian Oil rose 1.5% on BSE.