Nifty around 10,850, Sensex down 100 points

Benchmark indices are trading firm in the pre-opening trade with Nifty is above 10,900 level.

At 09:01 hrs IST, the Sensex is up 103.07 points or 0.28% at 36344.07, and the Nifty up 19.50 points or 0.18% at 10903.30.

Sun Pharma up 5% after clarification made by the management, JSW Steel, Tata Steel are other major gainers.

Oil prices rose on Tuesday, extending strong gains from the previous day amid expected OPEC-led supply cuts and a mandated reduction in Canadian output.

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