Sensex, Nifty Edge Higher Led By Gains In Auto, Banking Shares

Foreign institutional investors (FIIs) sold shares worth Rs 338 crore on Monday while domestic institutional investors bought shares worth Rs 645 crore.

The Indian equity benchmarks edged higher on Tuesday on the back of buying interest in banking, financial services and auto shares. Meanwhile, most Asian share markets opened a fraction higher on Tuesday, ahead of a key decision by Australia's central bank on its quantitative easing programme and despite ongoing concerns over the future regulation of China's powerful technology sector. As of 9:24 am, the Sensex was up 66 points at 52,945 and Nifty 50 index was up 26 points at 15,860. US markets were closed on Monday to mark the Independence Day holiday, leaving the Asian region without a strong lead to start trading on Tuesday. MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.05 per cent.