(Reuters) -India’s benchmark indexes opened higher on Wednesday, led by information technology stocks and tracking other Asian peers as the U.S. Commerce chief hinted at some relief on Canada and Mexico tariffs.
The Nifty 50 rose 0.27% to 22,142.2 by 9:22 a.m. IST, while the BSE Sensex added 0.29% to 73,217.9.
Eleven of the 13 major sectors advanced at the open, with IT index rising 1.2%.
Coforge jumped 5.7% after signing a 13-year deal with Sabre Corp valued at $1.56 billion.
The broader small-caps and mid-caps gained 0.8% and 0.5%, respectively.
Most Asian markets gained on the day, with the MSCI Asia ex Japan adding 1%, on hopes of a partial roll-back of U.S. tariffs on Canada and Mexico. [MKTS/GLOB]
Investors are monitoring U.S. President Donald Trump’s address to Congress for any cues into future tariff actions.
(Reporting by Vivek Kumar M and Bharath Rajeswaran in Bengaluru; Editing by Sumana Nandy and Janane Venkatraman)
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