(Reuters) -India’s equity benchmarks opened higher on Wednesday, boosted by stronger-than-expected earnings from infrastructure major Larsen & Toubro.
The Nifty 50 rose 0.28% to 24,890.4 points and the BSE Sensex gained 0.32% to 81,594.52 as of 9:15 a.m. IST.
Fourteen of the 16 major sectors advanced at open. The broader mid-caps and smallp-caps added 0.2% each.
Larsen & Toubro climbed 3.8%, and was the biggest percentage gainer on Nifty 50, after it beat quarterly profit estimates on Tuesday, boosted by rising overseas contracts.
Meanwhile, investors are expected to remain cautious ahead of the Federal Reserve’s policy decision later in the day and over concerns surrounding a potential India-U.S. trade deal.
(Reporting by Vivek Kumar M; Editing by Sumana Nandy and Eileen Soreng)
