Sensex, Nifty Trade Higher; Reliance Shares Up Over 2%
Indian shares traded higher on Wednesday, though a cautious undertone prevailed ahead of the F&O expiry, the release of U.S. and European inflation readings, and the Good Friday holiday.
The benchmark S&P BSE Sensex was up 367 points, or half a percent, at 72,837 in early trade, while the broader NSE Nifty index was up 105 points, or half a percent, at 22,109.
Adani Ports advanced 1.6 percent after acquiring Gopalpur Port in Odisha.
Reliance Industries jumped 2.2 percent as Goldman Sachs raised its target price on the stock.
CDSL fell about 2 percent after one crore shares or 9.6 percent of the total equity of the company changed hands in a block deal on the BSE.
Sanofi India added 2 percent after it inked a distribution pact with Cipla for CNS products. Cipla shares were marginally lower.
APL Apollo Tubes declined 1.1 percent after acquiring a 54 percent stake in KML.
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