Equity benchmark indices opened higher on Tuesday tracking positive sentiment in the global markets. Reliance Industries, ITC, Infosys, Maruti and HDFC Bank are among the top contributors to the index gain.

The Sensex climbed 195 points at 41,135 and the Nifty is also up 45 points at 12,098. About 948 shares have advanced, 532 shares declined, and 601 shares are unchanged.

On the sectoral front, the metal index gained nearly 1% as the rally was led by Vedanta, Hindustan Copper and Jindal Steel.

Shares of Cipla rose 1% after it has acquired brand name and trademark rights for Vysov for anti-diabetic drug Vildagliptin for the Indian market from Novartis. Read more

The most active stocks on the NSE are Reliance, HDFC, TCS and Indiabulls Housing.

Meanwhile, Asian markets were trading with minor gains due to lack of detail about the Sino-US trade deal, which tempered some of the exuberance that sent Wall Street to record highs overnight.

Besides, the foreign portfolio investors (FPIs) bought shares worth a net Rs728.13cr on December 16, 2019, and domestic institutional investors (DIIs) sold shares worth a net Rs796.38cr, as per provisional data.

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