Among Nifty50 stocks, ONGC, Vedanta, NTPC, Bharti Infratel, Yes Bank, Tata Steel, IOC and GAIL India were the prominent gainers - up between 1.3 per cent and 2.7 per cent. Infosys shares gained as much as 0.8 per cent to Rs 946.65, ahead of its earnings announcement for the July-September quarter later in the day.
Domestic institutional investors continued their buying spree with another Rs 307.84 crore purchase of cash shares on Monday. Meanwhile, foreign investors sold shares worth Rs 81 crore on Monday, according to the provisional exchange data.
Among other Asian markets, Hong Kong's Hang Seng was up 0.12 per cent and Japan's Nikkei gained 0.17 per cent, while Shanghai Composite Index gained 0.09 per cent in early trade on Tuesday. Investors are closely watching China and the 19th Communist Party Congress, which winds up on Tuesday and at which President Xi Jinping is expected to release the composition of the Standing Committee - the apex of power in the country. (Read more)
The US Dow Jones Industrial Average, however, shed 0.23 per cent overnight.