Sensex, Nifty Marginally Higher In Early Trade

(RTTNews) - Indian shares were marginally higher on Wednesday despite rising oil prices and weak cues from global markets.

Despite rising tensions over tariffs, Union Commerce Minister Piyush Goyal said that India and the United States could finalize a bilateral trade agreement by November.

The benchmark BSE Sensex was up 76 points at 80,234 in early trade while the broader NSE Nifty index edged up by 30 points to 24,610.

Tata Steel shares climbed 1.5 percent while SBI, ITC, BEL, Axis Bank, Mahindra & Mahindra and Titan Company all rose around 1 percent.

Indus Towers slumped 4 percent after the company's board approved its foray into the African markets.

Waaree Energies gained 1 percent after its board approved a proposal to acquire a 64 percent equity stake in Kotson for Rs. 192 crore.

UPL advanced 1.4 percent on restructuring news.

Yes Bank gained 1.6 percent. The Competition Commission of India has approved Sumitomo Mitsui Banking Corporation's proposal to acquire up to 24.99 percent stake in the bank.

PNC Infratech rallied 2.5 percent as it emerged as the lowest bidder for an Airports Authority of India (AAI) project valued at Rs. 297 crore.

Suntech Realty rose 1.2 percent on fund raising reports.