Sensex higher, Nifty inches towards 8450;

 FMCG, banks stocks up Benchmark indices remained higher amid volatility in morning, with the Nifty inching towards 8450 level on consistent buying in banks, technology and FMCG stocks. Benchmark indices erased early gains, dragged by HDFC, HDFC Bank and Reliance Industries. The Sensex was down 28.01 points at 27260.16 and the Nifty fell 6.25 points to 8406.55 but the market breadth was positive. About 1207 shares advanced against 818 declining shares on the BSE. 

Gaming company Delta Corp shares rose 3.5 percent intraday after receiving license for casino operations in Sikkim. "The company, on January 16, has been issued a licence for operations of a casino in Gangtok, Sikkim, under the Sikkim Casino (Control & Tax) Act, 2002," Delta Corp said in its filing. The company further said it is fully ready to commence casino operations and will do so immediately. Delta, in pursuing its strategy of expanding gaming imprint, will now have a presence in Sikkim, operating a live gaming casino offering approximately 150 gaming positions, thereby catering to the Eastern region market. Also read - Buy, sell, hold: 5 key large cap stocks to watch out today indices remained higher amid volatility in morning, with the Nifty inching towards 8450 level on consistent buying in banks, technology and FMCG stocks.

 The 30-share BSE Sensex was up 69.09 points at 27357.26 and the 50-share NSE Nifty gained 22 points at 8434.80 while the broader markets outperformed. The BSE Midcap and Smallcap indices gained more than 0.6 percent on positive breadth. More than two shares advanced for every share falling on the exchange. ITC, Asian Paints, TCS, ICICI Bank, Axis Bank, Infosys, HUL and SBI were leading contributors to Sensex's gains, up 0.4-1.5 percent. However, Reliance Industries shares fell 2 percent after December quarter earnings. Asian markets traded mixed, as investors remained cautious ahead of British Prime Minister Theresa May's speech on Brexit plans due later in the global day, as well as President-elect Donald Trump's inauguration stateside at the end of the week

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