India, April 23 -- Stock market opened higher on Wednesday, with benchmark indices Sensex and Nifty seeing an uptick driven by hopes of easing US-China trade tensions after US President Donald Trump hinted that tariffs on Chinese imports could be significantly reduced under a new deal-though not eliminated entirely.

Sensex jumps 658.96 points to 80,254.55 in early trade, while Nifty rallied 192.05 points to 24,359.30 during opening trade.

As of 8:09 am IST, GIFT Nifty futures were trading at 24,366, indicating a 0.8 per cent gain from Tuesday's Nifty 50 close of 24,167.25.

Markets also found support as Donald Trump backed away from threats to fire US Federal Reserve Chair Jerome Powell, helping the US dollar rebound from recent multi-y...