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Indian equities in Thursday's session opened higher tracking positive global cues as markets await the key RBI policy outcome due to be delivered tomorrow. At the open, Nifty50 index traded higher by 42.65 points or 0.17 per cent at 24,662.85.

Meanwhile, Bank Nifty traded higher by 0.03 per cent at 55,695.

From the broader markets, smallcaps outperformed both the headline indices as well as midcap stocks.

Within the Nifty50 basket, top gainers included stocks like Dr. Reddy's Laboratories, Eternal, Cipla, Power Grid Corporation and Reliance Industries, while the laggards were Bajaj Finance, Tata Consumer Products, HUL, Bajaj Finserv and Nestle.

Sectorally, pharma, IT and media stocks led the gains, while the FMCG and PSU Bank stocks went lower.

Ugro Capital: Today is the record date for the rights issue of shares  that offered 50 shares for every 189 shares held.

Force Motors: Domestic sales for the commercial vehicle has reported 24.46 per cent increase to 3,002 units.

Dr. Reddy's Laboratories: Shares of the pharma company traded with gains of up to 3 per cent at Rs 1,287.1 per share as HSBC double upgraded the stock.

Asian stocks in Thursday's session fell amid uncertainty over US trade policy as well as weak economic data, although Hong Kong and South Korea outperformed on gains in technology as well as optimism around new leadership in Seoul.

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