Equity benchmark indices moved higher in early trade on buying demand. The BSE Sensex rose as much as 0.45% to cross 39,500 and the NSE Nifty50 also rose about 0.42% to 11,877-level in early trade

At 9:45 hrs, the Sensex was trading up 85 points at 39438-levels, with HDFC, Bajaj Finance, SunPharma being top gainers in the Sensex.

The Nifty50 was also trading up by 21 points at 11849-level with Dr Reddys, Bharti Infratel and HDFC being the top gainers and Tata Motors, BCPL, YesBank and Tata Steel were major losers on Nifty.

Sectoral indices are mixed.  Nifty Bank, Auto, IT, Media, Metal, Pvt bank and Realty sectors were in the red, while Nifty financial service, FMGC, Pharma and PSU Bank indices were in the green. Auto index falls near 1% with major loss in Tata Motors and Bharat Forg, while TCS Motors gains with 2.30% gains.

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