BSE Sensex and Nifty moved higher on Tuesday, tracking gains in other Asian markets.
The Sensex rose nearly 150 points at day’s high while Nifty reclaimed the psychological 8,000 mark. At 10.23 am, Sensex was up nearly 50 points at 26,239 while Nifty edged up 10 points to 7,987.
The 30-share barometer recovered by 133.24 points, or 0.50%, to 26,326.22, with all sectoral indices led by IT, consumer durables and realty landing in the positive zone with gains up to 1.31%.
The gauge had lost 25.93 points in Monday’s choppy trade.
The NSE Nifty index took back the 8,000-mark by rising 39.60 points, or 0.50%, to 8,016.70.
Brokers said fresh foreign capital inflows and renewed prospects of a rate cut by the Reserve Bank at its policy meet later this month largely due to positive macroeconomic numbers, including easing inflation, influenced mood.
Elsewhere in Asia, Hong Kong’s Hang Seng was up by 0.69% while Shanghai Composite rose 0.71% in early trade. Financial markets in Japan remained closed Tuesday for a public holiday. Trading will resume on Thursday.
The US Dow Jones Industrial Average ended 0.77% higher on Monday.
(With inputs from PTI)