Sensex Rises By 155 Points; Nifty Nears 10,200


Indian shares opened higher on Thursday, mirroring firm cues from global markets after White House Press Secretary Sarah Sanders suggested Canada, Mexico and other countries may be carved out from forthcoming tariffs for national security reasons.

The benchmark BSE Sensex was up 155 points or 0.47 percent at 33,188 in early trade after six straight sessions of losses in the wake of PNB scam, Fed rate hike worries and concerns over U.S. President Donald Trump's protectionist trade policy. The broader Nifty index was up 35 points or 0.34 percent at 10,189.

Godrej Consumer Products, Whirlpool of India and BPL were up around 1 percent each after the Union Cabinet hiked dearness allowance to Central Government employees.

Bharti Airtel rallied 2 percent and Idea Cellular advanced 1.4 percent after the Cabinet approved a relief package for the debt-ridden telecom sector.

Bhushan Steel soared 12 percent after Tata Steel emerged as the highest bidder to buy a controlling stake in the company.

Reliance Communications was marginally lower after it moved the Bombay High Court against tribunal order barring asset sale.