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Indian shares extended gains on Tuesday, driven by banks and fashion retailer Trent, with supportive global cues aiding sentiment ahead of the central bank's policy decision on Wednesday. The Nifty 50 rose 0.98% to 22,776.10, and the Sensex gained 0.95% to 73,067.81.
India's benchmark BSE Sensex rose 0.4% to 72,683 and the NSE Nifty 50 gained 0.4% to 22,652, driven by banks on positive quarterly updates and supportive global cues. The Indian rupee fell 0.1% against the US dollar to 96.3975, while the benchmark 10-year bond yield was slightly up at 7.22%.
Indian shares edged higher, with the Nifty 50 up 0.35% and the Sensex up 0.34%. Banks and Trent led the gains on positive quarterly updates, while global cues and anticipation of a central bank policy decision supported sentiment.