Indian shares open higher, led by IT stocks and Reliance
The Nifty 50 rose 0.78% to 23,066.55 and the Sensex added 0.86% to 74,488.6. IT stocks gained on earnings optimism, while Reliance Industries advanced after Jio Platforms launched its $3.2 billion IPO.
Indian equities opened higher on Wednesday, with IT shares leading gains amid optimism over earnings. Reliance Industries, the oil-to-telecom conglomerate, also advanced following the launch of Jio Platforms' $3.2 billion IPO. As of 09, the Nifty 50 NSE:NIFTY was up 0.78% at 23066.55, while the Sensex BSE:SENSEX had gained 0.86% to 74488.6.