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Sensex, Nifty rise; inflation data awaited

Reuters 

By Vishal Sridhar

(Reuters) - The and rose for a fourth straight session on Tuesday, led by gains in Ltd and of Baroda Ltd, with investors keeping an eye out for data due later in the day.

India's retail is expected to have picked up to a five-month high in August, with consumer prices forecast to rise 3.20 percent from a year ago, a poll showed.

The was up 0.5 percent at10,056.00 as of 0609 GMT, while the benchmark was 0.56 percent higher at 32,059.70.

IndusInd Ltd, which is in exclusive talks to buy microlender Bharat Financial Inclusion Ltd, fell 2.4 percent after rising more than 5 percent in the previous session.

"The IndusInd (potential) deal is expected to open up more distribution channels in the banking sector and this expectation is lifting banking stocks," said Sunil Sharma, chief investment officer at Sanctum Wealth Management.

of Baroda and Ltd were up more than 1 percent each, while HDFC gained for a sixth straight session, climbing as much as 0.9 percent.

Ltd jumped as much as 4.6 percent, its highest since February 2011, after Germany's Thyssenkrupp AG said talks were in the final stages to merge its European steel business with that of

ITC Ltd rose as much as 1.4 percent, its third straight session of gains.

Meanwhile, Apple Inc distributor Redington (India) Ltd rose as much as 4.2 percent to hit a record high ahead of the expected launch of "iPhone 8" later on Tuesday.

(Reporting by Vishal Sridhar in Bengaluru; Editing by Biju Dwarakanath)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, September 12 2017. 12:38 IST
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