Indian share markets have opened the day marginally higher following positive Asian cues. Investors awaited the result of 2-day Fed Reserve Policy meet due later today. At 10.15 am, the BSE Sensex was trading up by 33 points, at 29,954.15 while the NSE Nifty was trading up by 16 points at 9329.75. The BSE Mid Cap-index opened up by 0.9 per cent, while BSE Small-Cap index opened up by 0.4%.
Asian stocks were trading mixed. Uncertainty over the U.S Federal policy outcome, rupee movement and a number of corporate earnings capped the gains.
IRB Infrastructure, Engineering company is scheduled to announce IPO of Rs 5,000 crore for its fund opening today. The IPO closes on May 5, with a price band of Rs 100 to 102 per unit.
ICICI Bank was trading flat ahead of company’s March-quarter earnings announcement, due later in today.
Hero Motocorp, Bharti Infratel, Dr. Reddy Lab, Bajaj Auto, L&T, ONGC, Power Grid, BPCL and IOC were early gainers, whereas Sun Pharma, ITC, Maruti, HDFC, Eicher Motors and Indiabulls Housing were losing sheen in the morning hours.
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