Sensex, Nifty open higher ahead of earnings, macro data

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Key Points

MUMBAI: Indian shares opened higher on Wednesday as initial numbers raised hopes of strong March quarter corporate earnings, though there was some caution ahead of key domestic and global macroeconomic data due later in the day and through the week...

The Nifty 50 has risen over 4.5% in the past seven sessions, its longest winning streak in more than four months...

Investors also await consumer inflation and industrial production data, due to be released after market hours.. India's consumer inflation likely eased in March to 5.80%, dipping below the Reserve Bank of India's upper tolerance limit for the first time in 2023, according to a Reuters poll...

Wall Street equities were mostly higher ahead of consumer price index data for March and minutes of the. jumped over 6% after posting 15% YoY growth in sales of own brands in Q4 at 1.04 billion Rupees...

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