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Sensex Up 85 Points On Global Cues; Nifty Climbs Above 9150

Indian shares opened higher on Friday after the Nasdaq Composite hit record high overnight, buoyed by solid earnings led by American Express and on optimism for a U.S. tax overhaul.

Other Asian markets also inched higher as the yen weakened and crude prices rose after four days of losses.

The benchmark BSE Sensex was up 85 points or 0.29 percent at 29,507 in early trade, with a suspected terrorist shooting in Paris and caution ahead of this weekend's first round of voting in France's presidential election limiting gains.

The broader Nifty index was up 20 points or 0.22 percent at 9,156, with ONGC, GAIL, Tech Mahindra, Infratel and Reliance Industries rising 1-2 percent.

HDFC Bank rose half a percent while ACC lost about 1 percent ahead of their quarterly results due today.

Wipro rose half a percent on reports that it has sacked at least 600 non-performing employees.

Tata Steel inched up marginally after its board approved a proposal to raise up to Rs 9,000 crore via debt securities.

by RTT Staff Writer

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