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The market has opened higher following positive lead from global peers. The Sensex rose 83.62 points to 26276.60 and the Nifty climbed 25.20 points to 8002.30. About 515 shares have advanced, 149 shares declined, and 27 shares are unchanged on the BSE. Infosys, M&M, Axis Bank, ONGC, BHEL, Bosch and Bank of Baroda were leading counters in early trade, up 0.8-1.3 percent. However, Hindalco topped the selling list, down 1.8 percent.

The gains were broad-based today with all the sectoral indices on the BSE trading higher. IT, pharma, banking, and auto stocks were among the outperformers.Banking stocks, particularly PSU banking stocks, extended their gains to the fourth day. The CNX PSU Bank Index was up over 1 per cent today, extending its gains to over 6 per cent in four days.