The Indian equity benchmarks edged higher on Tuesday led by gains in banking, financial services and index heavyweight Reliance Industries. The Sensex rose as much as 305 points and Nifty 50 index reclaimed its important psychological level of 17,400. Reliance Industries, ICICI Bank, HDFC Bank, Axis Bank, HCL Technologies and Kotak Mahindra Bank were among the top movers in the Sensex. Meanwhile, Asia’s share markets were mixed and the dollar held steady on Tuesday, with investors awaiting U.S inflation data for more clues on when the Federal Reserve will taper stimulus.
As of 9:25 am, the Sensex was up 217 points at 58,395 and Nifty 50 index advanced 63 points to 17,418.