Sensex Rises 130 Points; Nifty At 11,042

Indian shares opened a tad higher on Wednesday, tracking firm cues from other Asian markets as U.S.-China tensions ebbed and investors awaited key central bank policy announcements, including the European Central Bank on Thursday and the U.S. Federal Reserve next week.

The benchmark S&P BSE Sensex was up 130 points or 0.35 percent at 37,275 in early trade, while the broader NSE Nifty index was up 39 points or 0.36 percent at 11,042.

Dewan Housing Finance advanced 1.4 percent on reports it may get an emergency capital infusion from its lenders to keep the company afloat.

Reliance Capital was little changed on news it is selling up to 6.3 percent stake in Reliance Nippon Life Asset Management.

Yes Bank jumped 5.6 percent on reports its founder Rana Kapoor is in talks with One97 Communications, owner of Paytm, to sell his stake in the private sector lender.

Zee Entertainment Enterprises rose half a percent as Essel Group announced completion of the first tranche of stake sale in the company.

Union Bank of India gained 1 percent after its board approved a merger of Andhra Bank and Corporation Bank with itself.

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