Indian Shares Rise To Record Highs As Markets Open

The NSE Nifty 50 was up 0.31% at 23,629.85, while the S&P BSE Sensex added 0.31% to 77,543.22, as of 9:15 a.m. IST.

Indian shares tracked global equities higher on Wednesday, with the benchmark indexes hitting record highs at the open, after soft U.S. retail sales data reinforced expectations of an early rate cut by the Federal Reserve.

The NSE Nifty 50 was up 0.31% at 23,629.85, while the S&P BSE Sensex added 0.31% to 77,543.22, as of 9:15 a.m. IST.

Twelve of the 13 major sectors logged gains. Forty-six of Nifty 50 companies advanced.