Indices open higher

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Mumbai: Indian benchmark indices opened higher on March 3 with Nifty above 16,700 supported by the positive global markets. The BSE Sensex was up 504.88 points or 0.91% at 55973.78, and the Nifty was up 160.40 points or 0.97% at 16766.40. About 1624 shares have advanced, 236 shares declined, and 45 shares are unchanged.

Coal India, ONGC, IOC, UPL and Tata Steel were among major gainers on the Nifty, while losers were HDFC Life, SBI Life Insurance, UltraTech Cement, Nestle India and Cipla.

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