The benchmark indices edged lower in early trade on a negative note tracking Asian cues, together with geopolitical worries as U.S fired dozens of cruise missiles into Syria. At 10.30 am, the BSE Sensex, was down 50.33 points or 0.17% at 29,877.01. The NSE Nifty index was down 14 points or 0.15% at 9,248.
The market breadth, showing the overall health of the market, moved positive from negative terrain. On the BSE about 1238 shares advanced, while 978 shares declined and 101 shares were unchanged.
Auto sector, Telecom, infra, and banks stocks gained strength in the morning hours while Reliance, HDFC and ITC remained under pressure.
The Indian rupee crossed 19 months high of 64.37 against the U.S dollar. Oil prices rose more than 2 percent.
Oil prices rose above 2% today after the U.S. launched cruise missiles at an airbase in Syria. Brent crude futures rose to USD 56.08 per barrel.
COMEX Gold surged to a 5-month high near USD 1265 per ounce in Asia today, adding around 1 percent.