India's equity benchmarks opened higher on Tuesday as rising expectations of a U.S. interest rate cut this month lifted investor sentiment for risk assets globally.
The Nifty 50 and the BSE Sensex indexes were up 0.4% each at 24,864.1 and 81,129.69, respectively, as of 09:15 a.m. IST.
All the 16 major sectors opened higher, with the broader mid-caps and small-caps adding 0.2% and 0.3%, respectively.
Information technology stocks jumped 1.4%, led by a 3.4% jump in Infosys after it announced plans to consider a share buyback.
Bets for a U.S. Federal Reserve rate cut at its September 16-17 policy meeting rose after data showed fewer-than-expected job additions in the world's largest economy in August.
Lower U.S. interest rates make emerging markets such as India attractive for foreign portfolio investors.
Sumber : Reuters
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