Indian shares were little changed in cautious trade Thursday as rising oil prices and the dollar's strength in international markets on the back of strong economic data offset positive global cues.
Investors were also awaiting cues from corporate results scheduled next week.
The benchmark BSE Sensex was up by 46 points or 0.14 percent at 33,839 in early trade, while the broader Nifty index was up 7 points at 10,450.
ONGC rose over 1 percent as U.S. crude oil prices held steady after climbing more than 2 percent to top $61 a barrel on Wednesday on concerns over protests in Iran, OPEC's third-biggest oil producer.
Bank of Maharashtra and Central Bank of India climbed 1-2 percent and UCO Bank shares surged as much as 7 percent after they received board approvals to raise Rs 2,348 crore by selling shares to the government.
Bank of Maharashtra rallied 2.2 percent on fund raising reports.
Mortgage lender HDFC was little changed on saying it would make additional special provision of Rs1,575 crore, using a part of the proceeds from the HDFC Standard Life Insurance IPO.
by RTT Staff Writer
For comments and feedback: editorial@rttnews.com