Mumbai, Sep 17 || The Indian benchmark indices opened higher on Wednesday, buoyed by hopes of a Fed rate cut tonight and positive cues around the renewed India-US trade negotiations.
As of 9.28 am, the Sensex was up 151 points or 0.18 per cent at 82,532, and the Nifty was up 58 points or 0.23 per cent at 25,297.
The broad cap indices outperformed benchmark indices, as Nifty Midcap 100 inched up by 0.28 per cent, and the Nifty Small cap 100 moved up 0.60 per cent.
Tata Consumer Products (up 2.65 per cent), Tata Motors, Trent, NTPC and ONGC were among major gainers on the Nifty, while losers were Bajaj Finance, Cipla, ICICI Bank and Tech Mahindra.
Among sectoral indices, Nifty IT, the top gainer, jumped 0.91 per cent. Nifty Realty (up 0.52 per cent) and Nifty Oil and gas (up 0.43 per cent) were the other notable gainers. All sectors except Nifty Metal (down 0.07 per cent) and Nifty Pharma were trading in the green.