The BSE Mid-cap Index is trading up 0.52% at 11,248, whereas BSE Small-cap Index is trading up 0.50% at 11,179.
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On the global front, despite the weak trade at United States markets in last session, the Asian indices logged gains, even shrugging off soft Chinese data released over the weekend.
European markets were trading in the red at the time the domestic market closed.
Closer home, benchmark indexes Sensex and the Nifty rose over 1 percent each last week after the Rajya Sabha passed a new Bankruptcy Code to help creditors recover corporate debts faster.
“Reality, media and financial service sectorial indices are trading with handsome gains”.
Consequently, key indices made gains during the late-afternoon trade session, as healthy buying was witnessed in stocks of oil and gas, automobile, capital goods and banking sectors.
However, SBI fell 4.22 per cent followed by Cipla (1.47 pc), Adani Ports (1.38 pc), ICICI Bank (1.13 pc) and BHEL (0.94 pc). The rise in wholesale prices is attributed to higher costs for food and manufactured items.
The total turnover dropped to Rs 2,260.38 crore from Rs 2,507.83 crore on Friday.
“We expect the market momentum to continue first towards 7,920 and after surpassing this hurdle towards 7,960 on Nifty”.
The top gainers on Nifty were Yes Bank up by 3.83%, Bharti Infratel up by 3.44%, ITC up by 3.26%, Bosch up by 3.26% and Dr. Reddys Lab up by 2.53%.
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Indian shares opened higher on Tuesday, with sentiment aided by positive cues from Wall Street and Asia. The German DAX rose 0.9 percent, while France’s CAC 40 and the U.K.’s FTSE 100 both gained about 0.6 percent each. China’s investment, factory output and retail sales all grew more slowly than expected in April, adding to doubts about whether the world’s second-largest economy is stabilizing, data released on Saturday showed.
