Nifty tests 8450 at open; SBI hits 52-week high

Indian shares opened steadily higher, as bulls appeared to be buying shares with renewed vigour after a day’s consolidation.

The BSE Sensex was up 0.30 percent, or 74 points, to 28,237 while the NSE Nifty opened 0.17 percent, or 14 points, higher to 8,442.

Sugar stocks were in focus early amid hopes the government would announce export sops. Sector leaders Balrampur Chini, Shree Renuka and Bajaj Hindusthan were up between 1.54 percent and 3.88 percent.

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