Sensex Rises Over 250 Points, Nifty Trades Above 17,000

Indian equity benchmarks on Wednesday traded higher in opening deals.

Indian equity benchmarks on Wednesday traded higher in opening deals led by gains in automobile, information technology (IT) and consumer goods stocks.

Global stock markets were under pressure on worries about the fallout from China's pandemic lockdowns.

Trends on the Nifty Futures on Singapore Exchange (SGX Nifty) indicated a higher start for the domestic indices.

The 30-share BSE Sensex rose 285 points or 0.51 per cent to 56,749 in early trade, while the broader NSE Nifty moved 83 points or 0.49 per cent up to trade at 17,042.