The BSE benchmark Sensex up by 52 points in the late morning trade on the back of fresh buying mainly in metal, realty and consumer durable sectors on higher global cues coupled with persistent foreign capital inflows.
The BSE benchmark Sensex resumed higher at 19,737.77 and firmed up further to 19,767.25, but declined afterwards to 19,692.11 before quoting at 19,711.94 at 1030hrs, showing a gain of 52.12 points or 0.27 per cent from its last close.
The NSE 50-share Nifty also moved up by 21.15 points, or 0.36 per cent, to 5,978.05 at 1030 hrs.
Major gainers were Maruti (2.21 pct), Tata Steel (1.75 pct), Sterlite Ind (1.35 pct), HDFC (1.33 pct), Tata Power (1.21 pct), Jindal Steel (1.10 pct) and Coal India (1.07 pct).
Foreign institutional investors (FIIs) bought shares worth a net Rs 489.27 crore on Tuesday as per provisional data from the stock exchanges.
Asian stocks moved higher in their early trade after US stocks edged higher yesterday buoyed by news that Dell Inc. would be taken private in a USD 24.4 billion buyout deal.
Key benchmark indices in Hong Kong, Japan, Singapore, Taiwan and South Korea rose by 0.05 per cent to 2.94 per cent while China’s Shanghai Composite fell 0.05 per cent.
The European Central Bank is expected to keep interest rates unchanged at its policy meeting on Thursday.