Indian shares opened higher on Wednesday, extending gains for the third straight session as investors bet on a faster economic recovery from the coronavirus pandemic.
The benchmark S&P BSE Sensex jumped 267 points, or half a percent, to 50,563 in early trade, while the broader NSE Nifty index was up 100 points, or 0.7 percent, at 15,020.
Adani Ports, Tata Motors, Hindalco, JSW Steel and Tata Steel surged 2-5 percent in the Nifty pack.
Reliance Industries rose over 1 percent after Jio Infocomm reportedly emerged the top bidder in India's $11 billion airwaves auction, cornering roughly three-fourths of the spectrum sold in the two-day event. Bharti Airtel and Vodafone Idea were flat to slightly lower.
ONGC gained about 1 percent as oil prices rebounded after a three-day fall.
MRF and Apollo Tyres were little changed after the government decided not to impose anti-dumping duty on truck and bus radial tyres imported from Thailand.
Ircon International plunged 6 percent. The government is selling up to 16 percent stake in the company at a floor price of Rs 88 per share.
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