Sensex, Nifty open higher as banking stocks rise

Benchmark market indices opened higher as banking stocks rose in early trade. However, investors remain worried as Covid-19 cases are rising rapidly in the country.

Indian shares rose on Tuesday, a day after beginning the new year with solid gains, as banking stocks boosted the country's main indexes amid a steady rise in the number of new cases of COVID-19.

The NSE Nifty 50 index gained 0.46% to 17,706.55 by 9:24 am GMT, while the benchmark S&P BSE Sensex rose 0.47% to 59,461.07.