Markets have had a good start to the day!

The Nifty opened higher with modest gains as traders ramped up stocks that use crude oil intermediates as raw material inputs. Asian Paints was the top gainer on the Index which added 13 points at 8535.

Banking stocks were in demand with Punjab National Bank and Bank of Baroda figuring in the list of top gainers on the Nifty, where the Advance Decline Ratio favoured the bulls at 3:2.

Among indices, CNX Finance and CNX PSU Bank index were in an uptrend as traders favoured banking stocks at the start of the day. On the other hand, CNX Media Index and CNX Pharma Index led the losers.

On the broader Bombay Stock Exchange, the Advance-Decline Ratio stood at 3:1 and the Sensex gained 41 points at 28,250.

United Breweries was thick in action with 85.9 lakh shares traded on the National Stock Exchange. The stock gained 2.6 percent to Rs 1,052.

(Image credit: Indiatimes)