Key benchmark indices trading higher with posiitve bias in early morning trade. The BSE Sensex trading at 29376.60 up 47.90 points (0.53%) and NSE Nifty at 9093.10 up 47.90 points(0.53%).
Shares of Bharti Infratel rose nearly 4 percent intraday on Tuesday as investors cheered the buzz of stake purchase by KKR
Banking stocks such as Axis Bank, ICICI Bank were among the top gainers on both the indices, while GAIL and ONGC were a drag.
Axis Bank was up 1.05%. The bank said that the board of directors of the bank has passed a resolution approving the allotment of 3 year senior floating rate notes aggregating to $10 million under the MTN programme through its Dubai International Financial Centre (DIFC) branch.
The currency market closed on account of Gudi Padwa holiday.