Sensex, Nifty likely to open higher; Axis Bank, RIL, Biocon in focus

The Indian market is likely to open higher on Wednesday tracking positive cues in global markets amid hopes of additional stimulus from the government. At 7:05 am, the SGX Nifty was trading 34.50 points or 0.37 percent higher at 9,450.75, indicating a positive start for the Sensex and Nifty50.