Sensex, Nifty rise on gains in banking, financial stocks

The Indian equity market opened marginally higher, led by banking and financial stocks, after positive cues from global peers and a day after the Reserve Bank of India kept rates unchanged. The BSE Sensex was trading higher by 117 points or 0.19% while Nifty50 was up 33 points or 0.18%. On the sectoral front, Nifty Consumer Durables surged by 0.67% and Nifty FMCG rose by 0.30%. Meanwhile, the US’s decision to push out a rate hike and trade tensions drove Asian shares up but oil prices fell as US sanctions on Iran were expected to be eased.