Mumbai/IBNS, May 19 -- BSE Sensex and Nifty 50 opened higher on Tuesday, brushing aside concerns over the escalating West Asia conflict, even as fuel prices in India saw another sharp hike.

However, the Sensex later trimmed some of its gains amid cautious market sentiment.

Meanwhile, petrol and diesel prices were increased for the second time in a week as global crude oil prices remain under pressure due to tensions in the Middle East.

According to reports, oil marketing companies raised petrol prices by around 87 paise per litre and diesel prices by nearly 91 paise per litre in the latest revision.

The latest increase comes amid mounting pressure on state-run oil marketing firms owing to elevated global crude prices and disruptions i...