June 17 (Reuters) – Indian shares opened higher on Wednesday, building on a three-day rally fuelled by declining crude oil prices following a U.S.-Iran peace deal.
The benchmark Nifty 50 rose 0.23% to 24,044.50, while the BSE Sensex was up 0.35% at 77,080.09, as of 9:15 a.m. IST.
Over the past three sessions, the Nifty 50 has risen 3.6%, while the Sensex advanced 4%.
Fifteen of the 16 major sectors logged gains. The broader small-caps and mid-caps, rose 0.4% and 0.3%, respectively.
Brent crude futures were little changed at about $79 a barrel, after dropping 5.1% in the previous session to close at their lowest point since March 2.
Investors also awaited the U.S. Federal Reserve’s policy decision, due later in the day, for clues on the central bank’s rate-hike trajectory.
The Fed is widely expected to keep interest rates unchanged on concerns that new Chair Kevin Warsh could adopt a more hawkish tone at his first policy meeting.
Reporting by Bharath Rajeswaran in Bengaluru; Editing by Sonia Cheema and Sherry Jacob-Phillips
