Lacklustre show from the PSU banks forced the investors to be on the back foot ahead of the RBI policy meet, but positive auto sales numbers kept markets afloat. Few expect a rate cut given rising inflation expectations, which has increased the surprise potential of tomorrow’s call. Nevertheless, upcoming earnings season should mean that stock specific moves should take dominance over broad market sentiments.
3:46 PM
Sectoral trend
Source: NSE
3:41 PM
Sensex heatmap at close
Source: BSE
3:38 PM
Broader markets
The BSE Midcap and the BSE Smallcap indices mirrored the gains in the frontline indices, gaining 0.7% and 0.5%, respectively.
3:38 PM
Markets at close
The S&P BSE Sensex ended at 31,497, up 214 points, while the broader Nifty50 closed at 9,859, up 71 points.
3:30 PM
Buzzing stock
PNC Infratech rose 5% to Rs 142.80 on BSE after the company said it won a road contract worth Rs 2159 crore.
3:19 PM
GAIL, Adani Transmission, Avanti Feeds, Graphite India hit new highs
Adani Transmission, Avanti Feeds, GAIL (India), Graphite India, Bajaj Auto and Bombay Burmah Trading Corporation are among the 14 stocks from the S&P BSE500 and S&P BSE Smallcap index that hit their respective record highs on BSE in intra-day trade on Tuesday. READ MORE
3:14 PM
European markets
European shares hovered around three-month highs on Tuesday as a sell-off in Spanish stocks eased and financials gained following another record-breaking session on Wall Street.
The pan-European STOXX 600 index was flat, while Spain's blue chip index added 0.1 percent as Madrid and Catalonia appeared to carefully weigh their next steps following Sunday's independence referendum, which the central government has declared illegal.
3:12 PM
Broader markets
The BSE Midcap and the BSE Smallcap indices mirrored the gains in the frontline indices, gaining 0.7% and 0.6%, respectively.
3:08 PM
Markets check
At 3:05 pm, the S&P BSE Sensex was ruling at 31,514, up 231 points, while the broader Nifty50 was trading at 9,862, up 74 points.
3:01 PM
Nifty PSU Bank sole sectoral loser ahead of RBI policy outcome
Source: NSE
2:42 PM
RIL buys 1 mn barrels of crude oil from the US
Reliance Industries Ltd , owner of the world's biggest refining complex, has bought its first ever crude oil cargoes from the United States, drawn by the oil's economics after the price spread between US crude futures and Brent futures widened, three trade sources said on Tuesday.
Reliance bought 1 million barrels each of West Texas Intermediate (WTI) Midland and Eagle Ford crude which are expected to arrive in November, they said.
2:27 PM
Top five gainers on Nifty in noon deals
Source: NSE
2:02 PM
One-year of RBI MPC and Urjit Patel's maiden policy
October 4 will mark the completion of one-year since RBI governor Urjit Patel announced his first monetary policy after taking charge. The day will also mark the anniversary of the inception of six-member Monetary Policy Committee (MPC) which did away with the earlier practice of RBI governor singlehandedly taking a call on interest rates.
We take a look at various economic indicators from inflation to interest rates that may have influenced the RBI's policy decision all through last one year:
Dr Reddy’s Laboratories jumped nearly 4% to Rs 2,415 after the drugmaker announced the launch of Sevelamer Carbonate tablets, which are used to treat kidney diseases, in the United States.
The markets extended gains for the third straight session on Tuesday with the Nifty50 ending above 9,850 as automakers such as Tata Motors surged after posting strong monthly sales, while Dr Reddy’s Laboratories jumped on the launch of a drug in its key US market.
Investors also keenly await the Reserve Bank of India’s policy meeting on Wednesday, with the central bank expected to keep rates on hold despite a sharp slowdown in economic growth after inflation surged to a five-month high.
Overseas, world shares hit their latest in a run of record highs on Tuesday, while the dollar was at it loftiest in 1-1/2 months as encouraging US data lifted it in tandem with global bond yields.
MSCI’s 47-country ‘All-World’ index which contains more than 2,400 firms was pushed to the fresh peak as Europe’s main bourses added to gains made in Asia and after Wall Street set its own record close again overnight.
 "Markets extend gains for 3rd session; Sensex up 214 pts, Nifty ends at 9859")
