BSE Sensex edges up; HDFC, Bajaj Auto gain

Reuters Market Eye - The BSE Sensex edged up on Tuesday, reversing a two-day losing streak, led by gains in rate-sensitive stocks. The Nifty found support around its 200-day moving average at 5,841 on value buying.

The BSE Semsex is up 0.37 percent while the Nifty index is up 0.35 percent, led by gains in rate-sensitive shares.

Among lenders, Housing Development Finance Corporation Ltd is up 1.9 percent while ICICI Bank Ltd gains 0.2 percent.

Among auto shares, Bajaj Auto Ltd is up 3 percent while Maruti Suzuki India Ltd gains 1.6 percent.

However, State Bank of India, the country's largest lender, falls 1 percent after ratings agency Moody's downgraded its outlook on the bank's financial strength rating to 'negative' from 'stable'.

 

(Reporting by Abhishek Vishnoi)