The benchmark S&P BSE Sensex opened up 0.23% at 61,644.21, while the NSE Nifty 50 index rose 0.22% at 18,307.25.
The Nifty Public Sector Index was the biggest gainer in the sector and looks set to continue rising for the eighth consecutive time. All 12 components of the index posted early gains.
And a “significant majority” of federal policymakers agreed that “it will likely be appropriate soon” to slow the pace of rate hikes, according to meeting minutes.
MSCI Asia excluding Japan rose 0.89%. On Wall Street, all three major indexes closed higher overnight as the US dollar weakened and Treasury yields fell. [MKTS/GLOB]
US markets are closed on Thursday for the Thanksgiving holiday.
Foreign institutional investors sold 7.90 billion Indian rupees ($96.80 million) worth of shares on Wednesday, while local investors bought 4.14 billion Indian rupees ($50.73 million) worth of shares, according to interim data from NSE.
($1 = 81.6120 Indian rupees)