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The Indian stock market has opened on a slightly subdued note this morning, with investors treading cautiously amid mixed global cues. Some profit taking at a few front line counters after previous session's smart up move is also contributing to the sluggish movements. It's a subdued start for the Indian Intraday market this morning, with investors treading cautiously amid mixed global cues.

Oil stocks are trading firm, extending recent gains. Healthcare, consumer durables, power, realty and capital goods stocks are finding modest support, while FMCG, IT, automobile and bank stocks are mostly flat. GAIL, Dr Reddy's Labs, Bajaj Auto, Wipro and M&M are top gainers while Tata Steel, Vedanta, HUL, Hindalco and ITC are among laggards in the Sensex.

The Indian rupee slipped 6 paise in the early trade on Thursday at 63.64 per dollar versus 63.58 Wednesday. The BSE benchmark Sensex is up 47.50 points or 0.16% at 28,552.43, after having advanced to 28,578.33 from a low of 28,456.77. The Nifty index of the National Stock Exchange is up 16.55 points or 0.19% at 8650.05, coming off an early low of 8620.65.