Indices open marginally up ahead of derivatives expiry

The domestic indices on Wednesday opened marginally up ahead of Futures and Options expiry due on Thursday.

At 0918 hours, the BSE Sensex was trading at 28,270.30, up 46.60 points, or 0.17%. While, NSE Nifty was at 8,724.05, or 17.65 points, or 0.20%.

On 30-share benchmark, among top gainers were Tata Steel (0.67%), Coal India (0.60%), Larsen & Toubro (0.59%), Bajaj Auto (0.57%) and Axis Bank (0.51%). Among losers were Reliance Industries (-0.56%), Tata Consultancy Services (-0.56%), Wipro (-0.47%), Adani Ports (-0.45%) and Bharti Airtel (-0.38%).

The Indian Rupee opened higher by four paise at 66.44 per dollar as against the previous close of 66.48.

On global front, Asian stocks edged up following an overnight rise for US stocks, while reduced hopes that a meeting of major producers would reduce a oversupply weighed heavily on crude oil prices, a Reuters report said.

Overnight, the Dow rose 0.7% and Nasdaq added 0.9%. A perceived win by Democrat Hillary Clinton over Republican Donald Trump at the first presidential debate gave broader support to equities, although sliding oil prices were a drag on the energy sector, the report added.