Sensex moves up after initial slip

A benchmark index for Indian equities Tuesday crawled into the green after a weak opening and was ruling 54 points higher than its previous close, about 30 minutes into trade. The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 17,402.68 points, was ruling at 17,496.15 points, 54.71 points or 0.31 percent up from its previous close at 17,441.44 points. At the National Stock Exchange (NSE), the broader 50-share S&P CNX Nifty was ruling at 5,249.35 points, up 0.26 percent from its previous close. Broader markets indices were also in the positive, with the BSE midcap index ruling 0.4 percent higher and the BSE smallcap index up a similar quantum.