Sensex, Nifty Open Higher On Global Cues
(RTTNews) - Indian shares opened higher on Wednesday, with expectations for another RBI rate cut and hopes for a breakthrough in U.S. China trade talks helping underpin investor sentiment.
The benchmark BSE Sensex was up 174 points or 0.45 percent at 39,230 in early trade while the broader Nifty index was up 34 points or 0.29 percent at 11,747.
JSW Steel, Bharti Airtel, Tata Motors, IndusInd Bank and Indiabulls Housing Finance climbed 2-3 percent while Infosys, Zee Entertainment Enterprises, Eicher Motors, IOC and BPCL dropped 1-3 percent.
PSU banks were moving higher after the Supreme Court struck down a RBI circular on debt resolution.
Jet Airways tumbled 3.4 percent on reports that its lenders might have to rework the earlier resolution plan, following the squashing of RBI's February 12 circular.
MindTree edged down slightly after it roped in Khaitan and Co and ICICI Securities as independent advisors to look into the "unsolicited open offer" by Larsen & Toubro.