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BSE Sensex gained 273.67 points, or 0.42 per cent, to end at 65,617.84, while NSE's Nifty50 gained 92.30 points, or 0.48 per cent, to close at 19,448.20 for the day.
Markets closed positively as attention turned to IT companies' Q1 earnings. TCS, HCL Tech, and Wipro are set to present their results. Gainers included consumer durables, auto, healthcare, IT, capital goods, and oil & gas stocks, while banking, metal, and financials lagged.
India's benchmark indices Sensex and Nifty rose on Tuesday due to a positive global trend and uninterrupted foreign fund inflows. Markets were supported by purchases made by major index players like Infosys, ITC, and Reliance Industries. Ahead of the release of key inflation data, Nifty fell short of 19,450 levels while Sensex rose by 274 points
Infosys is down 11% this year, Wipro 1%, while TCS has risen only 1%. Tech Mahindra, HCL Tech, and MindTree have managed to gain between 11-19%, but interestingly, their upside seems dwarf in front of high double-digits to multibagger returns offered by some Tier-2 IT companies.
The deal is part of the government's Indigenous Design and Development plan, which calls for Indian intellectual property and more than 60 percent indigenous content