Indian shares opened modestly higher on Wednesday as investors digested macro economic data and looked ahead to the Fed and ECB meetings for direction.

The benchmark BSE Sensex was up 110 points or 0.31 percent at 35,802 in early trade while the broader Nifty index was up 30 points or 0.28 percent at 10,873.

TCS rallied 1.5 percent ahead of a board meeting on Friday to discuss a proposal to buy back shares.

Sun Pharma jumped nearly 3 percent after the U.S. regulator cleared inspection of its Halol plant in Gujarat.

Auto components major Bharat Forge climbed 2 percent after it picked up a strategic stake in U.K.-based Tevva Motors.

Bharti Airtel slid half a percent and Idea Cellular dropped as much as 2.5 percent after Reliance Jio said it would provide 1.5 GB per day additional 4G data to every pre-paid user.

by P2PNews Staff Writer

Market AnalysisBB

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