Ways2Capital Morning Update : Sensex, Nifty Open Moderately Higher

Equity benchmarks opened moderately higher on Wednesday, with the Nifty holding 9600 level despite mixed Asian cues.

The 30-share BSE Sensex was up 25.37 points at 31,235.16 and the 50-share NSE Nifty rose 5.95 points to 9,619.25.

Reliance Industries hit a fresh 52-week high, up nearly a percent and surpassed market capitalisation of TCS. BPCL, M&M, Adani Ports and Tata Motors were other gainers.

HDFC lost a percent on exposure to NPA accounts Insolvency and Bankruptcy Code. Infosys, Maruti Suzuki, Tata Steel and Hindalco Industries were under pressure.

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