MUMBAI: Indian benchmark indices made moderate gains early on Wednesday amid positive global cues, as the stock market appears to be in a consolidation phase.
As of 9.30 am, Sensex advanced 105 points, or 0.12 per cent to 85, 630 and Nifty gained 40 points, or 0.16 per cent to 26, 217.
Main broad-cap indices outperformed benchmark indices in terms of gains, with the Nifty Midcap 100 advanced 0.31 per cent, while the Nifty Smallcap 100 added 0.53 per cent.
Hindalco Industries, Axis Bank and Cipla were among the major gainers in the Nifty Pack, while losers included Tech Mahindra, TCS, Titan Company, Dr Reddy's Labs and Tata Consumer.