Indian shares closed higher on Tuesday, with underlying sentiment supported by positive global cues ahead of retail inflation and industrial output data, due later in the day.

The benchmark BSE Sensex ended the session higher by 209.05 points or 0.59 percent at 35,692.52 while the broader Nifty index finished up 55.90 points or 0.52 percent at 10,842.85.

Dr Reddy's Laboratories soared 5.4 percent after recent reports that it expects to launch over 15 products in the U.S. market in 2018-19.

Rival Lupin climbed 6.4 percent to over two-month high, while Hindustan Unilever, IndusInd Bank and SBI added 2-4 percent.

Strides Shasun rallied 5.3 percent after its subsidiary Strides Pharma Global Pte received final approval from the U.S. FDA for generic Oseltamivir Phosphate capsules.

On the flip side, Coal India, Eicher Motors, Tata Steel, Hindalco and Bharti Airtel fell 1-2 percent.

Videocon Industries lost 5 percent after a bankruptcy court admitted insolvency proceedings against the consumer electronics firm.

Globally, Asian ended mostly higher ahead of this week's central bank meetings.

European stocks were mixed as German investor confidence data disappointed and the Trump-Kim summit ended with the signing of a joint statement that gave few details or specifics on how the goals set by both sides would be achieved.

Investors also awaited U.S. inflation data as well as the Brexit vote in the House of Commons for further direction.

by P2PNews Staff Writer

editorial@p2pnews.com

Market AnalysisBB

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