The key benchmark indices Sensex and Nifty edged higher in early trade, Tuesday, as positive Asian cues boosted sentiment. At 10.15 am, the 30-share Sensex was up 106.02 points or 0.35% at 30,428.14, while the Nifty-50 index was up 24 points or 0.25% at 9,469.40.
Gains are largely seen in consumer durables, metal and IT stocks. Tata Steel stock rose 0.76% to Rs 459.20 ahead of its quarter-4 announcing today.
Telecom sector stocks were hogging the focus with BSE Telecom index rising 2%, as the leading sectoral gainer. Bharti Airtel rose 2 percent as the best performer among Sensex and Nifty stocks, while Bharti Infratel at 2% high gaining the most on the index.
Oil prices surged 2% to its peak in more than 3 weeks on Monday. Global benchmark Brent crude settled up 98%, or 1.9% at USD 51.82 a barrel, having hit 52.63 dollar, the highest since April 21. Asian markets have been trading mixed following the leap in oil prices.
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