BSE Sensex gains; Tata Group shares lead

Reuters Market Eye - The BSE Sensex is up 0.12 percent, while the broader Nifty gains 0.17 percent.

Tata Steel Ltd shares up 4.8 percent, having earlier risen as much as 8.95 percent after the company's quarterly profit nearly doubled as costs fell sharply, making up for a dip in sales.

Tata Motors Ltd gains 5.8 percent after unit Jaguar Land Rover said on Tuesday it sold 31,611 vehicles in July globally - its best ever in that month, an increase of 21 percent versus the same period last year.

Tata Consultancy Services Ltd gains 1.5 percent, tracking rupee weakness and optimism about its earnings outlook.

 

India will release wholesale prices-based inflation data for July around 1200 IST.

(Reporting by Abhishek Vishnoi)