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The Indian stock market is likely to open higher on Thursday, tracking positive global cues. With the near month derivatives contracts expiring today, movements are likely to be quite volatile at times. The rupee's movements and quarterly results will set the trend. ONGC, Hindalco, BPCL, Hindustan Petroleum Corporation, NMDC, Bank of India and Crompton Greaves will announced their results today.

Today The Stock market has turned flat as it approaches May F&O expiry. The Sensex is up 45.85 points at 27610.51 and the Nifty is up 13.85 points at 8348.45. About 973 shares have advanced, 642 shares declined, and 106 shares are unchanged.
Tata Motors, Hero Moto Corp, Coal India, Vedanta and Axis Bank are top gainers in the Sensex. Among the losers are M&M, Gail, HUL, Hindalco and HDFC.The Nifty is up 27.30 points or 0.33% at 8361.90.Indian stocks has opened higher this morning, tracking global cues. Automobile, oil and bank stocks are among the notable gainers in opening trades.