Markets open up, OMCs gain

In trade today, the markets have reacted to mixed global cues amidst a weakening rupee, and the oil marketing companies’ move to hike petrol prices late Wednesday evening. The Sensex has opened in the green at 16,005 - up 58 points. Nifty has given up some of its gains and is now up 12 points at 4,847.
Wall Street stocks staged a late recovery and the euro flirted with a near two-year low on Wednesday, as investors remained on edge about Greece's possible exit from the euro-zone.
The Dow Jones industrial average ended down 0.05%, while the Standard & Poor's 500 Index moved up 0.2%.
Asian shares were steady but remained vulnerable on Thursday amid signs European leaders were unable to deliver meaningful measures to resolve the region's deepening debt crisis. MSCI's broadest index of Asia-Pacific shares outside Japan climbed 0.2%, while Japan's Nikkei stock average rose 0.4%.
Oil marketing companies have gained in opening trades following a hike in petrol prices. ONGC, Tata Motors, Larsen & Toubro and Reliance are also in the green. However, Maruti Suzuki has slipped in trades, along with Bajaj Auto and Hero MotoCorp.