Indian stock markets advanced for the third day Tuesday, led by gains from Metal and Realty sector stocks.
The benchmark BSE Sensex gained 1.17 percent or 206.44 points to 17,793.55. The 50 share NSE Nifty advanced 1.15 percent or 61.85 points to 5,421.40.
Asian and Indian stock markets opened on positive note after the U.S. stocks extended gains into a fourth session Monday ahead of monetary policy decision from the Fed.
All 13 sectoral indices are trading in positive territory. Oil & gas and realty sectors gained more than 1.9 percent and metals sector surged 2.8 percent.
Among the metal sector, Sterlite Industries, SAIL, Jindal Steel and Sesa Goa surged more than 4 percent.
Natco Pharma Ltd. gained 1.6 percent as the management informed that it had received a compulsory license from the Indian patents office to manufacture and sell a generic version of Bayer's cancer treatment drug Nexavar.
Wipro Ltd. declined 1.37 percent after Azim Premji Trust, which owns a majority stake in Wipro Ltd, plans to sell up to 35 million shares, valued at about 15.32 billion rupees, in the company to finance the education activities of its non-profit arm, Reuters reported.
The overall market breadth is positive with 1633 advances against 1002 declines on the BSE.
In the Midcap space, Manappuram Finance surged 12.68 percent and COX KINGS surged 7.75 percent, while Biocon plunged 4.59 percent and Jubilant FoodWorks declined 2.23 percent.
The BSE's Sensex Midcap rose 1.01 percent to 6,461.85 and Smallcap gained 0.82 percent to 6,851.94. Bank Nifty Index gained 0.78 percent and CNX Metal surged 2.79 percent.