Indian shares opened higher on Wednesday, tracking firm cues from other Asian markets after Apple CEO said trade tensions between the U.S. and China are easing.
Overall gains, however, remained limited as investors awaited cues from a number of events lined up for the week, including the FOMC meeting, U.S.-China trade talks, Thursday's F&O expiry and the all-important interim budget.
The benchmark BSE Sensex was up 118 points or 0.33 percent at 35,710 after closing marginally lower in the previous session. The broader Nifty index was up 29 points or 0.27 percent at 10,681.
Jet Airways dropped around 1 percent after grounding three of its Boeing 737 planes due to nonpayment of lease rentals.
DHFL tumbled 3.6 percent after a news portal alleged a Rs. 31,000 crore scam by its promoters.
Axis Bank soared 5 percent after its quarterly profit jumped by more than twofold on improved asset quality.
HDFC declined 1.3 percent after its Q3 profit missed estimates.
HCL Technologies rallied 2.2 percent on reporting a 19 percent rise in quarterly profit.
Bajaj Finserv advanced 1.4 percent after its Q3 profit grew 16 percent.
Tata Steel jumped 3.3 percent after relaunching a blast furnace at a cost of "tens of millions of pounds" at Port Talbot in Wales.