Markets opened higher, amid firm Asian cues, led by index heavyweights Infosys and ITC along with private banking majors.
At 9:17AM, the 30-share Sensex was up 139 points at 28,656 and the 50-share Nifty was up 42 points at 8,702.
Asian markets extended gains with Japanese shares inching towards fresh 15-year highs on hopes of additional stimulus measures from major economies in the region such as China and Japan. Japan's benchmark Nikkei was up 0.4% while Shanghai Composite came off its early highs and was trading flat. However, Hong Kong markets resumed trading after the Easter holidays and the benchmark Hang Seng jumped 2% while Straits Times was trading flat with negative bias.
Major US stock indices ended flat on Tuesday erasing intra-day gains after the appreciation of the dollar raised concerns on the impact of earnings of US companies operating worldwide. Logistics majors were in focus after plans by FedEx to acquire Dutch-based firm TNT Express. Meanwhile, crude oil prices eased on the back of rising inventory levels. The Dow Jones ended down 5 points at 17,875.42, the broader S&P 500 ended down 4 points at 2,076.33 and the tech-laden Nasdaq slipped 7 points to close at 4,910.23.
ITC and Infosys were the top gainers up 0.9% each followed by Sun Pharma, HDFC Bank and ICICI Bank among others
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