The stock markets were driven by stocks of IT, power, healthcare, capital goods, oil & gas, banking and auto. The Nifty closed above the 10,000 mark for the first time since September 21. The NSE bank index was up 0.26 percent, with IndusInd Bank rising 1.16 percent. The 30-share BSE Sensex gained 63.93 points to open on 31,910.82 while the broader 50-share NSE Nifty opened on 10,013.70, up by 24.95 points.
The market breadth was in favour of advances as 1,569 shares advanced against a fall of 1,141 shares.
"Nifty rose today, after remaining in a 32-point range and closed the day higher by around 28 points", Deepak Jasani, Head - Retail Research, HDFC Securities, told IANS. "In Europe, FTSE 100 now traded higher and DAX and CAC 40 traded lower".
The July-September quarterly results are going to formally kick off with TCS, which is set to announce its numbers on Thursday.
Indian shares eked out modest gains on Tuesday, with a firm trend in Asia and expectations concerning second-quarter earnings offering some support.
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Meanwhile, the rupee appreciated by 11 paise to 65.25 against the dollar on Tuesday as rising risk appetite pushed back the U.S. currency amid a higher opening in domestic equities.
Besides, domestic institutional investors pumped in funds unabated.
Barring consumer durables, all other BSE sectoral indices were trading in the positive zone.
Major Sensex losers were: Hindustan Unilever, down 0.98 per cent at Rs 1,208.15; ICICI Bank, down 0.96 per cent at Rs 269.25; Tata Steel, down 0.93 per cent at Rs 690.65; ITC, down 0.82 per cent at Rs 265.80; and Sun Pharma, down 0.50 per cent at Rs 527.30. Find us on Facebook too!