Sensex Up 180 Points On Global Cues; Nifty Rises 50 Points

roche futures

Indian shares extended their winning streak to hit fresh record highs on Tuesday after the International Monetary Fund projected a 7.8 percent growth rate for India in 2019 and the PwC's 21st CEO Survey revealed that global CEOs see India as the fifth most attractive investment destination.

Better-than-expected Q3 earnings from Axis Bank and firm global cues also offered some support. Asian markets are broadly higher after U.S. Senators reached a deal to end the federal government shutdown and the Bank of Japan held its monetary policy steady, as widely expected.

The benchmark BSE Sensex was up 180 points or 0.50 percent at 35,977 in early trade while the broader Nifty index was up 50 points or 0.46 percent at 11,017.

Axis Bank rallied 1.3 percent after its third-quarter net profit grew 25 percent from last year, helped by relatively lower loan-loss provisioning.

Indian Oil Corporation jumped 2.4 percent ahead of a board meeting next week to consider a bonus issue.

Vedanta, Hindalco, Reliance Industries and HCL Technologies rose over 1 percent each.