The BSE Sensex was trading 106 points, or 0.13%, higher at 82,498. The Nifty50 was up 33 points, or 0.13%, trading at 25,136 around 9:30 am.
From the Sensex pack, M&M, Reliance Industries, Eicher Motors, HCL Tech, and Bharti Airtel opened with gains, while Kotak Mahindra Bank, HDFC Bank, Power Grid, L&T, and IndusInd Bank opened with losses.
Elsewhere in Asia, markets opened higher, with the MSCI Asia ex-Japan index rising 0.4%, following reports of an agreement between US and Chinese negotiators on a trade deal framework in London, pending approval by their respective leaders.
Back home, Indian and US officials reportedly made progress in bilateral trade talks held in New Delhi, discussing key areas such as industrial goods, agriculture, tariff reductions, and non-tariff barriers, according to media reports.
On the sectoral front, Nifty Bank, Financial Services, FMCG, and IT indices declined 0.2%, while Nifty Auto, Metal, Realty, and Oil & Gas opened 1.4% higher.Among individual stocks, CreditAccess Grameen jumped 4.5% after the company raised $100 million through external commercial borrowings from a group of banks across South Asia and the Far East.
Meanwhile, shares of liquor companies, including United Spirits, United Breweries, and Allied Blenders and Distillers, fell up to 6% after the Maharashtra government approved sweeping changes to liquor taxation and regulations aimed at boosting excise revenues.
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