India, Oct. 21 -- Sensex and Nifty higher on Wednesday, with attention turning to the launch of Jio Platforms' record IPO, although elevated crude oil prices could limit gains.

Positive sentiments over a potential US-India trade deal were also expected to support investor sentiment. US Secretary of State Marco Rubio told CNN News18 on Tuesday that he expected Washington and New Delhi to reach a trade deal within weeks, rather than months.

GIFT Nifty futures stood at 23,017 at 7:57 am, signalling a positive opening for the benchmark Nifty 50, which closed at 22,888.95 on Monday, according to figures cited in a Reuters report. Stock markets remained closed on Tuesday in view of Dusshera.

The Nifty 50 and BSE Sensex fell more than a per c...