Equity benchmark indices opened in the negative note amid weak global cues. However, it recovered from its early losses to trade higher as the rally was led by banking, realty, metal, financial services, and pharma stocks.
ICICI Bank, L&T, HDFC Bank and IndusInd Bank are among the top contributors to the index's gain, while losers include TCS, HUL, Airtel and Asian Paints in the Sensex pack.
The Sensex climbed 201 points to 36,904 and the Nifty50 rose 58 points to 11,921. The market breadth, indicating the overall health of the market, was strong.
The midcap and smallcap index were trading higher by 1% respectively.
Titan shares are down 1% ahead of the firm’s Q1 result scheduled to be reported today.
Meanwhile, oil prices edged up on Tuesday but remained under pressure as the escalating US-China trade war raised concerns over global economic growth and future demand for crude.
Shares of Cox & Kings tanked 5% after the company defaulted on payment of commercial papers worth Rs5cr which was due on August 5.
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