In a volatile trade, the stock market benchmark Sensex was trading with modest gains in late morning hours despite profit booking in key sectors.
The index was quoted 57 points higher at 29,437.31 points at 1125 hours, after paring part of its opening gains.
The NSE 50-share was up 9.70 points at 8,932.35.
Major gainers included Cipla by (2.24 per cent), Sun Pharma (2.10 per cent), HUL (1.94 per cent), Dr Reddy's (1.94 per cent), Wipro (1.03 per cent) and Reliance Industries (0.95 per cent).
The notable losers were GAIL (1.51 per cent), Tata Steel (1.16 per cent) NTPC (1.08 per cent) and ICICI Bank (1.05 per cent).
The Sensex had lost 213 points or 0.72 per cent in yesterday's trade after hitting a lifetime high of 30,024.74 following a surprise rate cut by RBI. However, some profit booking emerged later followed by weak global cues.
Meanwhile, foreign portfolio investors (FPIs) bought shares worth a net Rs 2786.24 crore yesterday, as per provisional data and Domestic institutional investors (DIIs) bought shares worth a net Rs 16.89 crore yesterday, as per provisional stock exchange data.
Asian stock markets edged lower in early trade, following a weak NY Wall Street, and as China lowered its gross domestic product (GDP) growth target to 7 per cent for 2015, down from 7.5 per cent last year.
Key indices in China, Hong Kong, Taiwan, and Singapore were down 0.07 per cent to 1 per cent. Indices in Japan, and Indonesia were up 0.04 per cent to 0.35 per cent.
