New Delhi: Stock markets opened in green on Wednesday, taking cue from global markets ahead of the US Federal Reserve`s decision on the interest rates.
The benchmark BSE Sensex rose 226.86 points, or 0.69 percent, at 33,223.62 in opening trade. At the National Stock Exchange (NSE), the broader 51-scrip Nifty, which had closed at 10,124.35 points on Tuesday, was quoting at 10,184.70 points, up by 60.35 points or 0.60 percent.
A hush settled over financial markets on Wednesday as investors anticipated a quarter point hike in the Federal Reserve`s policy rate and awaited guidance on how many more to expect this year, while trade war fears kept export nations` currencies on edge.
MSCI`s broadest index of Asia-Pacific shares outside Japan added 0.4 percent after four straight days of losses, tracking overnight gains on Wall Street.
Chinese shares were buoyant with Hong Kong`s Hang Seng index gaining 1.3 percent. Australian and Korean stocks were up marginally.
The market is convinced the Fed will announce a quarter point hike at 1800 GMT, but are less sure if it will signal three or four for the year as a whole.
With Agency Inputs