Mumbai, Aug 13
The Indian benchmark indices opened higher on Wednesday, after the US inflation data raised expectations of a Federal Reserve rate cut.
The BSE Sensex advanced 0.22 per cent or 179 points to 80,414 points. The Nifty 50 inched up to 24,557 advancing 70 points, or 0.29 per cent.
Broader market indices outperformed the benchmark indices, with the BSE SmallCap adding 0.65 per cent and the BSE MidCap climbing 0.64 per cent.
Sectorally, Nifty Metal surged 1.57 per cent and Nifty Realty surged 0.76 per cent. The majority of other indices were mixed, showing modest gains and losses in the range of 0.10 to 0.40 per cent.
In the Nifty pack, Apollo Hospitals led the gainers, surging around 5 per cent, followed by Hindalco and Tata Motors. Among laggards, Maruti Suzuki slipped 0.51 per cent, followed by Tech Mahindra and Axis Bank, which posted modest losses.
US President Donald Trump's harsh tariffs and the straining of relations between the US and India have impacted the market sentiments, according to analysts.