Indian shares open higher tracking global rally

People walk past the Bombay Stock Exchange (BSE) building in Mumbai, India, November 4, 2020. REUTERS/Francis Mascarenhas/File Photo

Indian shares opened higher on Tuesday led by a rebound in financials after a two-day lull, while information technology (IT) stocks extended gains on expectations that U.S. interest rates have peaked.

The NSE Nifty 50 index (.NSEI) rose 0.38% to 19,763.65 points and the S&P BSE Sensex (.BSESN) was up 0.38% at 65,915.15, respectively, as of 9:16 a.m IST.

Reporting by Bharath Rajeswaran in Bengaluru; editing by Eileen Soreng

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