Mumbai/IBNS, Aug. 6 -- The Indian stock market opened marginally higher on Thursday, with gains in select heavyweight stocks offset by losses in other sectors, keeping the benchmark indices largely range-bound.

The BSE Sensex opened around 170 points higher, while the NSE Nifty 50 remained largely flat during the opening hour of trade.

Among the major stocks, Reliance Industries and HDFC Bank traded higher at the open.

On the other hand, Bharti Airtel, Bajaj Finance and Power Grid were among the early losers.

Investors are closely monitoring developments surrounding the Strait of Hormuz even as global oil prices remain subdued.

Iran has reportedly reached an agreement with Oman on a proposed shipping route through the Strait of Hormu...