Sensex, Nifty edge higher for a third straight day; TCS shares rise

Both foreign and domestic institutional investors (FIIs and DIIs) were net-buyers

Indian markets edged higher for a third straight day on Monday, in line with Asian peers, as Tata Consultancy Services (TCS) boosted the indexes after reporting a record profit for the last quarter of the year, marking the onset of corporate results.

Broader Asian shares also rose to near nine-month highs, with sentiment supported by strong Chinese export and bank loan data, along with positive headlines on the Sino-US trade talks.

The BSE Sensex ended 139 points, or 0.4 per cent higher at 38,906, while the NSE Nifty 50 index added 47 points, 0.4 per cent, to close at 11,690.