Consolidation with a positive bias continued in afternoon trade as the Nifty has been in a 40 points range for the second consecutive day.

The 30-share BSE Sensex was up 58.60 points at 28482.08 and the 50-share NSE Nifty rose 15.50 points to 8790.15. The broader markets maintained outperformance, rising 0.4 percent each.

About 1414 shares advanced against 1138 declining shares on the Bombay Stock Exchange.

Banking & financials, auto and pharma stocks gained while Reliance Industries, L&T, Infosys, HUL and Coal India were under pressure.

European stocks were trading higher ahead of crucial US jobs data that could influence when the US Federal Reserve next hikes interest rates. The pan-European STOXX 600 index was trading 0.2 percent higher shortly after markets opened with food and beverages, healthcare and utility stocks leading the index higher.

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