Sensex, Nifty Open Higher; Banking, I.T. Stocks Rise

India's stock benchmarks opened higher, aided by gains in banking, information technology and consumer durables stocks, amid rise in equities across the world. The S&P BSE Sensex rose 0.73% to 58,232.30. The NSE Nifty 50 also advanced by similar magnitude to 17,385.70.

The broader indices almost mirrored their larger peers with the S&P BSE MidCap rising 0.8% and S&P BSE SmallCap adding 0.92%. Barring S&P BSE Telecom, all the other 18 sectoral indices compiled by BSE Ltd. advanced with S&P BSE Information Technology, Consumer Durables, Realty gaining over 1%. The market breadth was skewed in the favour of bulls. About 1,820 stocks advanced, 631 declined and 81 r