Markets open positive; Nifty above 11,450

All sectoral indices are trading higher led by Nifty Realty and Media.

Indian benchmark indices made a positive start on Wednesday.

The Sensex is up 118 points at 38,624, while the Nifty is up 39 points at 11,467.

All sectoral indices are trading higher led by Nifty Realty and Media.

Nifty Realty is up 0.8% driven by Sunteck Realty and Mahindra Lifespace Developers.

Media stocks are also trading higher led by Hathway (+4%) and ZEEL.

Hathway Cable & Datacom is up by over 4% ahead of its Q2FY20 result today. Companies such as Mindtree and Aditya Birla Money will also release their Q2 earnings today.

IOC, Grasim Industries, Zee Entertainment, BPCL, and Tata Motors are among the major gainers on the indices, while losers include Infosys, ITC, and IndusInd Bank. 

Globally, stocks traded higher owing to hopes on a potential Brexit deal before Britain leaves the EU on Oct 30.

The reported signing of an interim deal between the US and China as well as strong earnings from large US banks also lifted sentiment.

Meanwhile, the Indian rupee opened lower by 5 paise at 71.59/$.

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