Sensex, Nifty gain as financial boost counters energy weakness

The blue-chip NSE Nifty 50 index rose 1.02% to 15,109.80 and the benchmark S&P BSE Sensex firmed 1.03% to 50,960 by 9:27 am.

Indian shares opened higher on Tuesday as high-flying financial stocks advanced, although gains were capped by weakness in the energy sector after a report that oil companies have been told by the government to not revise fuel prices for now. Gasoline and gasoil prices in India have risen to record highs of late, mirroring global markets. The central government has informally conveyed to India's three major oil-marketing companies to not revise fuel prices ahead of polling in some states, the Business Standard newspaper reported.