Axis Bank gained over 5 per cent and was among the top percentage gainer among the Nifty50 stocks.
Stock markets rose for a fourth straight session on Tuesday, tracking gains in global equities as conciliatory-sounding comments from Chinese President Xi Jinping helped soothe investor concerns about an escalating US-China trade spat.
Asian shares recovered from early falls while most European markets moved higher after Mr Xi said China will take measures to sharply widen market access for foreign investors, raise the foreign ownership limit in the automobile sector and protect intellectual property of foreign firms.Global financial markets have been rattled over the past few weeks on fears that the tit-for-tat US-China tariffs will explode into a full-scale trade war in a blow to global growth.
The Sensex ended 91 points higher at 33,880 while Nifty settled at 10,402, up 22 points.Investors will now turn their focus to domestic cues such as March retail inflation data due later this week and corporate results.
Infosys, the country's third-largest software services exporter, will kick-start the January-March results season on Friday.
Investors continued to buy into metal stocks, with the Nifty metal index up for a sixth straight session.Hindalco Industries surged 4 per cent while National Aluminium Co rose 3 per cent, as aluminium prices extend gains after the US imposed sanctions on Russian firm United Company Rusal.Axis Bank gained over 5 per cent and was among the top percentage gainer among the Nifty50 stocks after the country's third-biggest private-sector bank by assets said on Monday its long-time chief executive, Shikha Sharma, will step down at the end of 2018.Among other top Nifty50 gainers, Tata Steel, ICICI Bank and Adani Ports rose between 2.5 per cent and 3 per cent.Shares of sugar companies climbed sharply following a report that the government is likely to provide financial support to cane farmers for produce sold to sugar mills.Both Balrampur Chini Mills Dalmia Bharat Sugar and Industries Ltd gained over 5 per cent.