Mumbai, March 5 || The Indian equity markets gained moderately in early trade on Thursday, tracking gains in Asian peers despite rising tensions in the Middle East.
As of 9.30 am, Sensex gained 246 points, or 0.31 per cent, to reach 79,362 and Nifty added 84 points, or 0.35 per cent, at 24,565.
Main broad-cap indices performed in line with the benchmark indices, as the Nifty Midcap 100 added 1.02 per cent, and the Nifty Smallcap 100 gained 1.11 per cent.
All sectoral indices traded in green except FMCG and IT, down 0.13 per cent and 0.32 per cent. Nifty metal as well as oil and gas led gains, up 1.23 per cent and 1.43 per cent, respectively.
The Indian benchmark indices closed in red in the previous session, as the widening conflict in the Middle East impacted investment sentiment.
WTI crude oil April Futures went up 3.36 per cent on intraday basis, extending a three-day gain as exports from Iraq and Kuwait could begin shutting down within days if the Strait of Hormuz remains closed.
Rupee slumped 69 paise to touch 92.18 against the US dollar in the previous session, but regained to 91.66 driven by sharp spike in crude oil prices.