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NEW DELHI: Headline indices Nifty and Sensex registered strong opening on Friday , tracking firm cues from other Asian cues.
Investors were keenly awaiting wholesale price index (WPI) data for August which was scheduled later for the day.
Around 9:30 am, the BSE Sensex was 192 points, or 0.51 per cent, up at 37,909, while the Nifty50 was 73 points, or 0.65 per cent, up at 11,443.
PowerGrid, YES Bank, Maruti and Vedanta were leading among sensex scrips, rising up to 3.31 per cent.
Asian shares edged higher amid reports United States and China were looking to resolve a bitter trade dispute.
A sharp interest rate hike by the Turkish central bank also raised hopes that EM policymakers were taking steps to control weakening macros.
The report pushed the rupee's higher in the morning trade.
Wipro, Infosys, Mahindra Mahindra and TCS were in the red at the time of writing this report.
Barring IT and teck, all sectoral indices were in the green on BSE.
The rupee on Friday opened 49 paise higher at 71.70 against dollar after the US dollar fell to a near 1-1/2-month low against a group of currencies on Thursday.
The American currency slipped after data showed that the US consumer prices increased less than expected in August, changing traders’ views on an acceleration in domestic inflation.
India’s retail inflation decelerated to a 10-month low in August while factory output remained robust in July.
Consumer inflation eased to 3.69 per cent in August, government data showed, falling below the RBI target of 4 per cent and July’s reading of 4.17 per cent.
