Sensex Up 190 Points In Early Trade; Nifty Nears 10,550


Indian shares opened higher on Monday, mirroring firm cues from global markets after a key monetary policy report from the U.S. Federal Reserve helped ease concerns that higher wages would boost inflation.

The benchmark BSE Sensex was up 190 points or 0.55 percent at 34,330 in early trade, while the broader Nifty index was up 57 points or 0.54 percent at 10,547.

Reliance Industries rose about 1 percent after the company committed to invest Rs 55,000 crore in Andhra Pradesh over the next 4 years.

JSW Steel gained more than 1 percent on news it would acquire Italy-based Aferpi for Rs 600 crore.

Idea Cellular also rose over 1 percent after raising Rs 3,500 crore through a qualified institutional placement.

DCM Shriram advanced 1.3 percent after unveiling expansion plans.

Dr Reddy's Laboratories lost 2 percent as the U.S. FDA maintained OAI (official action indicated) status for the company's Srikakulam plant.

Simbhaoli Sugars plunged 16 percent after the CBI registered a loan default case against its CMD.

IT stocks were broadly lower after the Trump administration made the H-1B visa-approval process even harder for Indian techies. TCS dropped over 1 percent and Infosys shed half a percent.