Benchmark Indices Started Off Trade Marginally Higher, Following Positive Trend

Benchmark indices started off trade marginally higher, following positive trend in Asian stocks. Investors digested final outcome of Karnataka election.

The Sensex was up 78.21 points at 34,926.51 and the Nifty gained 13.50 points at 10,609.90.

SBI gained 1.5 percent after Bhushan Steel-Tata Steel deal. ICICI Bank was up 1 percent.

UltraTech Cement was up 1.6 percent and Century Textiles fell 8 percent after cement business deal.

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