Indian stock markets were trading up by over 0.5 per cent in the mid-session on Tuesday on heavy capital inflows amid weak European cues.
At 2.10 p.m., the 30-share BSE index Sensex was up 114.21 points (0.57 per cent) at 20,009.31 and the 50-share NSE index Nifty was up 27.6 points (0.47 per cent) at 5,933.75.
Capital goods, realty, consumer durables and bank stocks were the star performers and were up 1.63 per cent, 1.41 per cent, 0.92 per cent and 0.91 per cent, respectively. Metal and IT stocks were the only losers and were down 0.4 per cent and 0.05 per cent, respectively.
L&T, ICICI Bank, Tata Power, Bharti Airtel and Jindal Steel were the top five Sensex gainers, while Hindalco, Coal India, Tata Steel, Hero MotoCorp and Bajaj Auto were the top five losers.
European stocks were down as investors watched the beginning of the US earnings season and negotiations to end a government shutdown in the world’s largest economy. Asian shares were up.
Senate Democrats could introduce legislation as soon as today that gives President Barack Obama the authority to raise the debt ceiling unless two-thirds of Congress disapproves, according to a Senate Democratic aide.
But US House Speaker John Boehner said that the Republican-controlled chamber can’t pass an increase to the US debt ceiling without packaging it with other provisions.
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