Asian stocks rose, with a regional index of shares outside Japan rebounding from the biggest loss yesterday since August.
The market has opened on a positive note. The Sensex is up 104.82 points at 21844.91, and the Nifty is up 31.05 points at 6514.15. About 481 shares have advanced, 100 shares declined, and 16 shares are unchanged.
Shares in Axis Bank Ltd fell as much as 2.6 percent after the Indian government launched an offer to sell up to a 9 percent stake in India's third-largest private-sector bank by assets to raise up to $935 million.
Capital goods pivotals gained. Index heavyweight Reliance Industries (RIL) rose after the company in video recorded Hindi transcript uploaded on You Tube has denied allegations of benefits from the Gujarat government.
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