Sensex rises 300 pts, Nifty above 17,050; FMCG, IT stocks gain

Indian shares opened higher on Tuesday, having fallen more than 4% in the past four sessions, led by gains in consumer and IT companies. The NSE Nifty 50 index rose 0.46% to 17,110 as of 0351 GMT, while the S&P BSE Sensex gained 0.6% to 57,463.41. On Monday, both indexes fell more than 1.5%. The Nifty FMCG index gained 1.1%, while the IT index rose 1%.