Indian equity market benchmarks Bombay Stock Exchange Sensex and broader NSE Nifty50 were trading half a per cent higher on Tuesday.
The Sensex surged over 257 points or 0.47 per cent higher at 54,660 and the Nifty 50 advanced 64 points or 0.39 per cent to 16,322.
Earlier, Nifty futures on the Singapore stock exchange indicates that the Nifty could fall 22 points at the opening bell today.
Housing Development Finance Corporation (HDFC) was the top gainer in the Sensex pack, rising around 2 per cent, followed by Kotak Bank, IndusInd Bank, Reliance Industries, M&M and Axis Bank.
Power Grid Copration of India, Nestle India, Bajaj-Auto, Hindustan Unilever Ltd and ITC were top Sensex losers.
Besides Nifty FMCG index, all the sectoral indices were trading in gains. Bank Nifty rises 0.58 percent at 36,238. Nifty Financial Services index was up 0.7 percent.
Asian indices, bourses in Hong Kong and Tokyo were trading in the green in mid-session deals, while Shanghai and Seoul were trading in losses.