The Indian market trimmed opening gains on Thursday, tracking mixed global cues. Benchmark indices started higher largely, led by gains in oil-to-telecom conglomerate Reliance Industries and supported by HDFC.

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At 9.52 am, the Sensex was up by more than 49 points, or 0.13 percent, trading at 36,370, while the Nifty was at 10,904.50, up by just 14 points, or 0.13 percent.

Earlier, the BSE frontline index jumped more than 92 points, or 0.25 percent, to 36,413.60 in initial trade, while the NSE index rose 35 points, or 0.32 percent, to 10,925.30.

Broader markets followed their frontlne peers with the Nifty MidCap gaining 0.27 percent. The BSE MidCap was at 0.21 percent higher.

Nearly all sectoral indices traded positive in early trade, but BSE FMCG, BSE Realty and BSE Bankex faltered mildly soon after.

Bharti Infratel, M&M, Indiabulls Housing Finance, Power Grid, Grasim, HDFC, Tata Consultancy Services and Reliance Industries were among the top index gainers, rising by up to 2 percent.

Yes Bank, Bharti Airtel, Hindustan Unilever, Infosys, IndusInd Bank, Infosys and Bajaj Finance dipped by up to a percent.

Indianrupee opened higher against the greenback

on Thursday, as the dollar took a breather following its recent strong gains against key rivals and fall in oil prices.

The rupee opened at 71.09 against the US dollar after Wednesday's close of 71.24.

Asian shares were mixed with Japan's Nikkei down by 0.15 percent, but Hong Kong's Hang Seng gained 0.37 percent.

The Shanghai Composite Index was also up 0.46 percent. South Korea's Kospi was up by 0.21 percent.

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Disclosure: Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.

First Published:Jan 17, 2019 10:08 AM IST