Indian shares opened higher on Tuesday to extend gains from the previous session as traders bet a full-fledged trade war between the U.S. and its trading partners is unlikely.

Media reports about GST rules getting easier and optimism about the upcoming earnings season also helped bolster investor sentiment.

The benchmark BSE Sensex was up 204 points or 0.57 percent at 36,139 in early trade after climbing 0.8 percent on Monday. The broader Nifty index was up 58 points or 0.53 percent at 10,910.

IT major Tata Consultancy Services was marginally higher ahead of its quarterly results due later today.

IndusInd Bank slid half a percent before declaring its June quarterly results.

HCL Technologies rallied 2 percent ahead of a board meeting on Thursday to consider share buyback

Idea Cellular jumped 3.3 percent after the Department of Telecommunications conditionally approved its merger with Vodafone India.

Tata Motors advanced 0.6 percent on reports that it will invest $1 billion in the passenger vehicle over the next three years.

HDFC Bank gained 1 percent on reporting a 22 percent rise in Q1 loan book.

by P2PNews Staff Writer

Market AnalysisBB

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