Indian stock markets were trading up by over 0.6 per cent in the pre-noon session on Tuesday on heavy capital inflows amid firm Asian cues.
At 11.51 a.m., the 30-share BSE index Sensex was up 133.62 points (0.67 per cent) at 20,028.72 and the 50-share NSE index Nifty was up 33.65 points (0.57 per cent) at 5,939.80.
Capital goods, realty, banks and consumer durables stocks were the star performers and were up 1.87 per cent, 1.63 per cent, 1.54 per cent and 1.09 per cent, respectively.
Metal and oil & gas stocks lost investors' support and were down 0.36 per cent and 0.01 per cent, respectively.
Bank stocks were up as the Reserve Bank of India had yesterday cut the interest rate under marginal standing facility by 50 bps to 9 per cent to ease the liquidity for banks.
L&T, ICICI Bank, Bharti Airtel, Tata Motors and Tata Power were the top five Sensex gainers, while Coal India, Tata Steel, SSLT, Hindalco and Bajaj Auto were the top five losers.
Asian stocks were up led by utilities and developers. Japan's Nikkei rose 58.26 points or 0.42 per cent to 13,911.60, Hong Kong's Hang Seng surged 239.65 points or 1.04 per cent to 23,213.60 and Australia's S&P/ASX 200 was down 11.71 points or 0.23 per cent at 5,149.40.
The US government shutdown entered its second week, leaving investors on tenterhooks as politicians in Washington made little headway in agreeing a deal to avoid the debt default.
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.
The US Dow Jones Industrial Average had ended 0.9 per cent lower yesterday.
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