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The S&P BSE Sensex started on a cautious note with a mild positive bias in morning trade on Thursday ahead of March F&O expiry. The gains in the index was led by rally in Infosys, HDFC Bank, Sun Pharma, Lupin etc.The Nifty50 was trading comfortably above its crucial support level of 7700 supported by gains in power, IT, metal, and auto stocks. 

Indian stock markets jumped 1.8 percent on Wednesday and posted their biggest single-day percentage rise in about a month, tracking gains throughout Asia after U.S. Federal Reserve Chair Janet Yellen called for caution when raising interest rates.