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Sensex Rises 82 Points In Opening Trade; Nifty At 10,844

Indian shares opened a tad higher on Friday, tracking firm cues from global markets after Federal Reserve Chairman Jerome Powell predicted no recession in 2019 and said the U.S. central bank will be patient in raising interest rates further.

The benchmark BSE Sensex was up 82 points or 0.23 percent at 36,188 in early trade, while the broader Nifty index was up 23 points or 0.21 percent at 10,844.

Bandhan Bank fell over 1 percent, a day after reporting a 10 percent jump in Q3 profit.

Tata Motors gained half a percent even as its U.K. subsidiary Jaguar Land Rover reported a 4.6 percent fall in global car sales.

Raymond edged up 0.3 percent on reports that its Chairman and Managing Director Gautam Singhania is stepping down as the chairman from all the group companies.

Jet Airways rallied 1.4 percent after it proposed late debt payments to creditors.

Infosys inched up 0.3 percent ahead of its Q3 earnings results, due today.

TCS fell nearly 2 percent after reporting a mixed set of numbers for the third quarter ended December 31.

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