Mumbai, Aug 21
The Indian benchmark indices inched up marginally in the morning trade on Thursday amid mixed global cues.
Sensex climbed by 89 points or 0.11 per cent to 81,947. Nifty edged higher by 14 points or 0.06 per cent to 25,064 points.
Broader markets started the day mixed, as the Nifty midcap 100 index slipped slightly by 0.10 percent and while Nifty smallcap index 100 rose by 0.22 per cent.
The Nifty IT index fell by 0.61 per cent, the Nifty FMCG index slipped by 0.42 per cent, while the Nifty Realty index advanced by 0.79 per cent. Most of the other indices showed moderate losses and minor gains.
"Yesterday’s upswings fizzled off on approach to 25,096 level, the first upside objective lined up for yesterday. As Nifty is closer to the upper Bollinger Band, a consolidation can be expected," said Anand James, Chief Market Strategist, Geojit Investments Limited.
"A collapse is less likely, but dips to 25,000–24,977 zones or lower may be expected before another upswing is attempted," he added.