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Sensex, Nifty open mildly higher post monsoon forecast; Power Grid up 3%.
Benchmark indices were in the green in pre-opening trade, following positive lead from global peers.
Cipla informed exchanges that the US FDA conducted a routine current Good Manufacturing Practices (cGMP) audit at its Indore formulations facility during April 2-13.
Glenmark Pharmaceuticals share gained more than a percent after the drug maker announced the initiation of a Phase 2b clinical trial of GBR 830, a novel, investigational treatment for moderate-to-severe atopic dermatitis.
Power Grid, Hindalco, M&M, Adani Ports, Tata Steel, Vedanta, Tata Motors, L&T, Bajaj Finance and SBI and Sobha were early gainers.
Infosys, TCS, Wipro and Tech Mahindra were under pressure, falling up to 1 percent.
Mishra Dhatu rallied 9 percent on top of 40 percent rally in previous session.
Bajaj Electricals, DB Realty, VST Tillers, Force Motors, Coromandel International and Indiabulls Real Estate gained up to 5 percent.
The Sensex settled with a gain of 76.37 points or 0.22 percent at 34381.80 and the Nifty with a gain of 28.90 points or 0.27 percent at 10,557.30 in pre-opening trade.
Tata Global: BUY| Target Rs. 300 | Stop-loss Rs 268 | Return 7%
JAI CORP: BUY| Target Rs. 181 | Stop-loss Rs 154 | Return 11%
GENUS POWER: BUY| Target Rs. 62 | Stop-loss Rs 54 | Return 8%
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