Sensex Rises Over 200 Points, Nifty Trades Above 17,250

Indian equity benchmarks on Tuesday traded higher in opening deals after a sharp plunge in the previous session. Asian stocks turned cautious on global inflation worries and the possibility of aggressive U.S. Federal Reserve monetary policy tightening.

Trends on the Nifty Futures on Singapore Exchange (SGX Nifty) indicated a tad higher start for the domestic indices.

The 30-share BSE Sensex rose 225 points or 0.38 per cent to 57,390 in early trade, while the broader NSE Nifty moved 85 points or 0.50 per cent up to trade at 17,259.

Mid- and small-cap shares were positive as Nifty Midcap 100 gained 0.93 per cent and small-cap climbed 0.83 per cent.

12 out of the 15 sector gauges — compiled by the National Stock Exchange — were trading in the green. Nifty Metal and Nifty Auto were outperforming the index by rising as much as 1.22 per cent and 0.97 per cent, respectively.

On the stock-specific front, Coal India was the top gainer as the stock surged 2.27 per cent to ₹ 193.75. JSW Steel, Eicher Motors, BPCL and Hero MotoCorp were also among the gainers.