Nifty is up around seventy points at 23,194, which is a decent move. Interestingly, Bank Nifty is outperforming with a gain of nearly two percent, probably due to the defence shipbuilding stocks like Mazagon Dock and Cochin Shipyard rising amid growth forecasts. This rise in banks is a bit surprising given the IT sector is down, with Nifty IT falling almost one percent, but it will be interesting to see how this plays out. Overall, the market mood seems somewhat cautious despite the positive start.