Indian benchmark indices are marginally higher where Nifty and Sensex are with 0.2% and 0.4% respectively.  Smallcap and Midcap indices outperform gaining 0.6% each. Market breadth retains optimism with advances and decline ratio of 2.5:1.

Reliance Industries rebounded with more than 1 percent gain and Infosys also gained further, up 1.5 percent ahead of earnings.

Benchmark indices extended gains in morning, with the Nifty reclaiming 9200 level, backed by Reliance Industries, Infosys and banks stocks.

The 30-share BSE Sensex was up 120.70 points at 29,696.44 and the 50-share NSE Nifty rose 25.75 points to 9,207.20.

Reliance Industries rebounded with more than 1 percent gain and Infosys also gained further, up 1.5 percent ahead of earnings.

Banking & financials strengthened further as ICICI Bank and SBI were up over a percent.

The broader markets continued to outperform benchmarks, with the Nifty Midcap and Smallcap indices gaining 0.7 percent and 0.9 percent, respectively.

About five shares gained for every two shares falling on the BSE.
Source: moneycontrol.com