Sensex gains, tracking firm global cues

Reuters Market Eye - The BSE Sensex and Nifty rose on Wednesday tracking firm cues from Asian and U.S. markets.

The benchmark BSE Sensex was up 0.44 percent while the broader Nifty gained 0.39 percent as of 10:56 a.m.

Blue-chips led the gains. Tata Motors was up 2.8 percent, Infosys Ltd added 1.2 percent and Reliance Industries advanced 0.63 percent.

Hero MotoCorp gained 1.07 percent after the Reserve Bank of India (RBI) allowed FII investment of up to 49 percent.

Investors will keenly watch outcome of the U.S. Federal Reserve's meeting due later in the day, which will set the medium-term trend.

(Reporting by Indulal PM)