Sensex Rises Over 100 Points; Nifty Trades Above 16,300

Indian equity benchmarks on Tuesday traded higher in opening deals led by gains in automobile and consumer goodsstocks.

Indian equity benchmarks on Tuesday traded higher in opening deals led by gains in automobile and consumer goods stocks.

Asian shares tumbled to their lowest in nearly two years on the rising interest rate and lower economic growth worries, tracking an overnight sell-off in U.S. stocks.

Oil prices also ticked lower on demand worries as coronavirus lockdowns in China -- the top oil importer -- continued. Brent crude slipped 0.5 per cent to $105.4 a barrel today after falling 5.7 per cent on Monday.

Back home, the 30-share BSE Sensex climbed 106 points or 0.20 per cent to 54,577 in early trade, while the broader NSE Nifty moved 34 points or 0.21 per cent up to trade at 16,336.