Sensex Rises Over 150 Points, Nifty Above 15,850; Metal Shares Outperform

All the 11 sector gauges compiled by the National Stock Exchange were trading higher led by the Nifty Metal index's 1.2 per cent gain.

The Indian equity benchmarks edged higher on Tuesday on the back of positive cues from other Asian markets. Asian equity markets rose cautiously Tuesday, after touching year to date lows the day before, with traders keeping at least half an eye on the United States where major companies report earnings and the Federal Reserve meets on policy this week. In domestic markets, ICICI Bank, HDFC Bank, Tata Steel, Bajaj Finance and Tata Consultancy Services among the top movers. As of 9:21 am, the Sensex was up 148 points at 53,000 and Nifty 50 index advanced 49 points to 15,873. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.26 per cent after touching its lowest level since mid-December on Monday, weighed down by big Chinese stocks.