Sensex rises over 100 points, Nifty above 10600

Sensex today ICICI Bank top loser TCS bucks trend index slips in red after opening higher

Benchmarks closed higher for the second straight day on Tuesday, propelled by a burst of buying in energy stocks even as crude oil prices soared to over three-year highs.

Sectoral indices led by realty, auto, FMCG, bankex and consumer durables were trading in the positive zone with gains of up to 0.93 percent. Encouraging earnings by blue-chip company also added to the uptrend.

Global oil prices hit their highest levels since late 2014 due to expectations of renewed U.S. sanctions against Iran and as OPEC continued withholding supplies amid strong demand.

The benchmark BSE Sensex was trading higher by almost 150 points on heavy buying in IT, TECk and healthcare stocks.

Bharti Airtel was the top gainer on Sensex (3.37%) and Nifty (2.90%) after the telco beat analysts' expectations of a net loss and managed to clock Rs 73 crore in net profit for Q4.

The broader NSE Nifty was up 0.44 percent at 10,610.60 as of 0521 GMT, driven by TCS and Reliance Industries Ltd.

Meanwhile, on a net basis, foreign portfolio investors (FPIs) sold shares worth Rs 259.08 crore while Domestic Institutional Investors (DIIs) bought shares worth Rs 387.26 crore on Monday, a provisional data showed.

However, gains were capped by a fall in metal stocks that slipped after a fall in Aluminium prices on the London Metal Exchange (LME).

European markets slightly higher, as investors monitored the latest deluge of corporate earnings.

In the Nifty50 pack of stocks, Zee Entertainment was the top loser, down 2.20 per cent followed by ONGC, NTPC and Cipla, which fell between 1.5-2 per cent. Vedanta, Axis Bank, Hindalco, L&T were the other major losers in the Nifty.

Shares of HDFC Bank Ltd rose as much as 1.2 per cent to ₹1,979 in early trade today before slipping into negative territory.

The 30-share index rose 147.25 points, or 0.42 per cent, to 34,598.02.

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