Sensex, Nifty Open Higher In Cautious Trade

(RTTNews) - Indian shares opened a tad higher on Tuesday, shrugging off weak cues from global markets on renewed concerns about the U.S.-China trade conflict.

The benchmark BSE Sensex was up 113 points or 0.29 percent at 38,713 in early trade while the broader Nifty index was up 23 points or 0.20 percent at 11,621.

Indian Overseas Bank rallied 2.6 percent on fund raising reports.

Godrej Agrovet rose over 1 percent after it dropped a plan to merge Astec Lifesciences with itself.

Hero MotoCorp gained 1 percent after launching a buyback scheme for scooters.

Dr Reddy's Laboratories rose half a percent after launching its generic version of AndroGel testosterone gel in the U.S.

Bharti Airtel edged up slightly after the telecom major surprised markets by posting a 29 percent rise in Q4 net profit on the back of a one-time gain and a tight control on sales and marketing expenses.

ICICI Bank slipped into the red after its quarterly profit dropped 5 percent on higher provisions and expenditure.

Marico soared 6.5 percent on posting solid quarterly results.

ABB, CEAT and Vedanta were moving higher ahead of their quarterly results due today.

Titan Company climbed 1.2 percent. The Tata group firm expects to grow at 20 percent during the current fiscal.

HDFC Bank advanced nearly 1 percent after it unveiled plans to consider stock split.

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