Sensex, Nifty rise as banking stocks gain

Indian shares edged higher on Tuesday, supported by private banks and financial stocks.

Indian shares edged higher on Tuesday, supported by private banks and financial stocks, while PNB Housing Finance tumbled following a court restriction on disclosing the results of shareholder votes on a deal with a group of investors. By 0507 GMT, the blue-chip NSE Nifty 50 index climbed 0.36% to 16,315 and the benchmark S&P BSE Sensex rose 0.4% to 54,632.40.