The 30-share BSE Sensex was up 34.09 points at 31,345.66 and the 50-share NSE Nifty rose 9.10 points to 9,666.65. The response was thanks to positive global cues and healthy buying in banking, metal and capital goods stocks.
Punjab National Bank was the top percentage loser on the Nifty PSU Bank index, declining as much as 2.5 percent.
Major gainers in the 30-share index were Tata Steel (3.43%), Adani Ports and Special Economic Zone (3.05%), Axis Bank (1.94%), Larsen & Toubro (1.59%), Reliance Industries (1.53%), and Tata Consultancy Services (1.44%). The Nifty Bank gained over 239 points (1.02%) to end at a record high of 23,742.15.
The NSE Nifty inched higher by 10 points or 0.10 per cent to close at 9,588.05 points, while the Sensex closed at 31,056.40 points – down 19.33 points or 0.06 per cent.
Indian shares may follow Asian peers higher on Tuesday as oil prices edged up from seven-month lows and investors awaited a decision on whether the MSCI index committee will include China A-shares in its Emerging Market Index.
Japan’s Nikkei was up 0.60 per cent while Hong Kong’s Hang Seng rose 0.92 per cent in early trade today.
A favourable analysis of the USA economy by a top Federal Reserve official took Wall Street to a record close, which had a rub-off on Asia.
Nasdaq’s biotechnology index rose 2.5 per cent in its biggest one-day gain since February while the S&P’s healthcare index had a record-high close.
Newsletter has been successfully subscribed.