After a sharp decline, India’s key benchmark equity indices — S&P BSE Sensex and NSE Nifty50 — rose in the early trade on Tuesday.
On Monday, indices slumped sharply on the back of a sell-off by foreign investors.
Also, fears that RBI may raise policy rates in the upcoming Monetary Policy Meeting starting Tuesday and rising global crude oil prices weighed on the investors’ sentiment the previous session.
At 9.40 a.m. on Tuesday, Sensex traded at 57,831 points, up 0.4 percent or 211 points from the previous close of 57,621 points. It opened at 57,800 points.
Nifty traded at 17,265 points, up 0.3 percent or 52 points from the previous close of 17,214 points. It opened at 17,280 points.
Among stocks, Bajaj Finserv, Titan, Eicher Motors, Bajaj Finance, Cipla were the top five gainers, while Power Grid Corporation of India, State Bank of India, NTPC, ONGC, and TCS were the top losers.