Sensex, Nifty End Choppy Session Marginally Higher

(RTTNews) - Indian shares rose on Tuesday, mirroring firm Asian and European cues as oil prices stabilized and Chinese stocks steadied after falling more than 2 percent the previous day. Gains were capped by weakness in rupee after eight days of gains.

The benchmark BSE Sensex rose 45.35 points or 0.17 percent to 26,079.48 while the broader Nifty index ended up 3.80 points or 0.05 percent at 7,928.95. Among the prominent gainers, Mahindra & Mahindra, ACC, Grasim, Ambuja Cement and Bajaj Auto rose 1-2 percent.

Suven Life Sciences rallied 2.8 percent after securing patent rights for two drugs. Anil Ambani group companies like Reliance Communications, Reliance Capital and Reliance Infrastructure rallied 1-3 percent.

Srei Infrastructure Finance soared 13.8 percent on news BNP Paribas' leasing unit would acquire a 5 percent stake in the company from SREI Growth Trust that holds a total of 9.6 percent stake in the company.

Shares of Tide Water Oil India climbed 18 percent amid an ongoing open offer made by some of the company's shareholders. Credit Analysis and Research jumped 6 percent after signing a pact with Japan Credit Rating Agency.

Madras Fertilizers advanced 2.4 percent after resuming production at its ammonia and urea plants in Chennai. Sterlite Technologies gained 2 percent on news its arm Sterlite Grid has won a Rs.2,700 crore transmission project in Odisha.

BHEL lost 1.6 percent. Overseas brokerage Morgan Stanley said its 5X800 MW Yadadri order, the single largest order in history, is at risk due to ecological concerns.

Liquor companies such as United Breweries, Tilaknagar Industries and United Spirits dropped 1-3 percent after the Supreme Court upheld Kerala's policy to go "dry" in 10 years.