Sensex, Nifty inch higher as RIL, IT stocks gain

The NSE Nifty 50 index rose 0.27% to 14,524 by 9:20 am, while the benchmark S&P BSE Sensex was up 0.25% at 48,507.4.

Indian shares edged up on Tuesday ahead of a slew of earnings reports from blue-chip companies, including Maruti Suzuki India, with gains led by Reliance Industries and IT stocks. The NSE Nifty 50 index rose 0.27% to 14,524 by 9:20 am, while the benchmark S&P BSE Sensex was up 0.25% at 48,507.4. The indexes had registered their third straight weekly loss last week on concerns over surging coronavirus cases in the country. Nifty 50 components Maruti Suzuki India, Axis Bank, Britannia Industries and Bajaj Finance are set to report their quarterly results later in the day.