Sensex and Nifty open higher as Jio Platforms' $3.2 billion IPO opens

Domestic indices opened higher on Wednesday with focus on Jio Platforms' record IPO, though elevated crude oil prices capped gains.

Jio Platforms' $3.2 billion IPO opens for subscription later today after raising $853.3 million from marquee anchor investors.

Brent crude futures rose over one percent to $110 a barrel, which could increase India's import bill and strain the fiscal deficit.