Mumbai: Markets opened on a positive note on Wednesday amidst steady global cues and healthy buying in banking and auto stocks
The Sensex of the BSE opened at 35328.91 by jumping over 150 points On Monday, the Sensex closed at 35,160.36 points and Tuesday was a trading holiday on account of Maharashtra Day.
On the other hand, the broader 51-scrip Nifty at National Stock Exchange (NSE) opened at 10,783.85 points after closing at 10,739.35 points. The Nifty is trading at 10,774.30 points in the morning.
Meanwhile, the rupee depreciated 4 paise to 66.70 against the US dollar in early trade today on fresh demand for the greenback from importers and banks ahead of US Federal Reserve's two-day policy meet outcome. Dealers attributed the rupee's fall to fresh demand for the US dollar and sustained foreign fund outflows.
Asian equities held steady on Wednesday as investors await the Federal Reserve`s upcoming policy statement for clues on the future pace of US monetary tightening.
MSCI`s broadest index of Asia-Pacific shares outside Japan was little changed, while Japan`s Nikkei eased 0.2 percent and South Korea`s KOSPI slipped 0.3 percent.
With Agency Inputs