Indian shares opened higher on Tuesday


Indian shares opened higher on Tuesday, mirroring firm cues from Wall Street and Asia amid easing concerns about a potential trade war between the U.S. and China.

The benchmark BSE Sensex was up 220 points or 0.66 percent at 33,284 in early trade while the broader Nifty index was up 54 points or 0.53 percent at 10,184.

PSU banks such as SBI, PNB and Bank of Baroda climbed 1-2 percent as bond yields fell after the government decided to bring down market borrowings during the first-half of FY19 following careful assessment of its financial needs.

Dilip Buildcon rose 2 percent, Punj Lloyd soared as much as 8 percent, Dolphin Offshore gained almost 6 percent and KEC International added 1.4 percent on winning new orders.

Jet Airways rallied 3.3 percent after it announced plans to make Guwahati its regional gateway.

Tata Motors gained 0.7 percent after launching a new variant of its compact SUV Nexon.