Indian equity benchmarks ended higher for the third
consecutive day with Sensex and Nifty closing above the psychological 58,900
and 17,450 levels respectively amid positive global cues and falling crude oil
prices. Buying in index major Reliance Industries also lifted markets.

The Sensex jumped 549.62 points or 0.94% to settle at
58,960.60. During the day, it zoomed 732.68 points or 1.25% to 59,143.66. The
Nifty surged 175.15 points or 1.01% to end at 17,486.95.

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The broader indices ended in green with the BSE Midcap
index gaining 1.06% and the SmallCap index up by 0.71%. The top gaining
sectoral indices on the BSE were Capital Goods up by 1.97%, PSU up by 1.91%,
Realty up by 1.76%, Industrials up by 1.71%, Auto up by 1.50%, while there were
no losing sectoral indices on the BSE.

Top gainers from the Sensex pack were State Bank of India
up by 3.41%, ITC 2.39%, Nestle 2.38%, Bharti Airtel 2.25%, IndusInd Bank 1.95%,
Larsen & Toubro 1.78%, Mahindra & Mahindra 1.72%, Reliance Industries
1.68%, HCL Technologies 1.49% and ICICI Bank 1.26%.

Also Read | Rupee rises 17 paise to 82.13 versus US dollar

Among the laggards were HDFC down by 0.72%, NTPC 0.68%,
Tech Mahindra 0.24%, Sun Pharma 0.16% and HDFC Bank 0.15%.

The Indian rupee lost its initial gains to close 7 paise down at
82.37 against the US dollar in a restricted trade on Tuesday.

Asian markets settled mostly higher with the Hang Seng up
by 1.82%, the Nikkei 225 up by 1.42%, KOSPI Composite up by 1.36%, and Taiwan
Weighted up by 1.22%.

Also Read | US Stock Market: Dow, S&P500, Nasdaq, Russell ended in green on Tuesday

European stock exchanges were trading in the positive
territory in mid-session deals. Wall Street had ended significantly higher on
Monday.

Brent crude futures, the international oil benchmark was
trading 0.65% lower at USD 91.02 per barrel.

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According to stock exchange data, foreign institutional
investors (FIIs) remained net sellers in the Indian capital market on Monday as
they sold shares worth Rs 372.03 crore.