Markets

Sensex Tops 60,500 In Early Trade, Nifty Nears 18,100

(RTTNews) - Indian shares opened on a bullish note Wednesday as investors digested positive macroeconomic data and looked ahead to a slew of earnings reports.

The benchmark S&P BSE Sensex climbed 243 points, or 0.4 percent, to 60,527 in early trade, while the broader NSE Nifty index was up 102 points, or 0.6 percent, at 18,094.

Tata Motors jumped as much as 15 percent on reports that TPG will invest $1 billion in its electric vehicle subsidiary.

Power Finance Corp gained 1 percent after the government accorded Maharatna status to the company.

Infosys, Wipro and Mindtree were seeing modest gains ahead of their quarterly results.

InterGlobe Aviation advanced 1.4 percent and SpiceJet soared 4 percent on the back of the government's announcement of lifting capacity checks from 18 October.

Reliance Industries rose about half a percent. Its subsidiary Reliance New Energy Solar has signed a cooperation agreement for technology development, and manufacturing of Stiesdal's HydroGen Electrolyzers in India.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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