Benchmark indices started trading on a positive note on Tuesday, extending their previous day’s gains in line with strength in majority of Asian markets and buying in index major Reliance Industries.
The BSE Sensex rose 320.69 points to 59,566.67 in early trade. The NSE Nifty rose 98.85 points to 17,764.65.
From the Sensex pack, Power Grid, NTPC, Bharti Airtel, Reliance Industries, Titan, Maruti, HDFC Bank, Hindustan Unilever and Bajaj Finance were the major gainers in early trade.
In contrast, Kotak Mahindra Bank, Nestle, Tech Mahindra, Wipro, Sun Pharma, Tata Consultancy Services, HCL Technologies and Bajaj Finserv were among the laggards.
Elsewhere in Asia, markets in Seoul, Tokyo and Shanghai were trading in the green, while Hong Kong was quoted lower in mid-session deals.
US markets remained closed on Monday.
On Monday, the BSE benchmark jumped 442.65 points or 0.75% to end at 59,245.98. Nifty closed 126.35 points or 0.72% higher at 17,665.80.
VK Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said, “The resilience of the domestic market is a bit surprising even in the context of strong global headwinds. Clearly, India is outperforming the rest of the world.”
Meanwhile, international oil benchmark Brent crude fell 0.77% to $95 a barrel.
Foreign institutional investors (FIIs) offloaded shares worth Rs 811.75 crore on Monday, according to exchange data.