BSE Sensex trades higher by 81 points, or 0.30%, to 27,339, while the Nifty 50 rises 25 point, or 0.30%, to 8,442

Indian shares edged up in lacklustre trading on Thursday, driven by market heavyweights Tata Motors Ltd and Reliance Industries Ltd, while investors waited for more clarity in an uncertain global scenario.

Investors are waiting for a trigger in an environment that has many variables, said Saurabh Jain, assistant vice-president of research at SMC Global Securities, referring to the corporate results season, the federal budget, and clarity on US President-elect Donald Trump’s policies. Tata Motors was up 2.23%, while Reliance Industries gained 1%. Bharat Petroleum Corp. rose 2.28%, while ITC Ltd was up 0.88%. Oil rose from one-week lows touched the session before, with investors turning their attention to upcoming government data on US inventories.

Axis Bank was the top loser, shedding as much as 1.88%, ahead of its quarterly results later in the day.

Source: livemint.com