Indian Markets Rise; BSE Sensex Up Over 50 Points

Indian stock markets were trading higher on Tuesday. The U.S. Federal Open Market Committee will begin its two-day policy meeting today. The S&P BSE Sensex climbed 53.5 points, or 0.20 percent at 26568.75. The 30-share index touched a high of 26,611.81 in morning trade. The Nifty50 rose 0.07 percent to 8176.60, after touching a high of 8,200.95 in morning trade.

The S&P BSE Midcap Index gained 0.1 percent, while the BSE S&P Smallcap Index rose 0.15 percent.

The Indian rupee declined 10 paise to trade at 67.46 against the U.S. dollar on Tuesday.

Direxion Daily India Bull 2X Shares INDL fell 2.58 percent to close at $47.88 on Monday, while PowerShares India Portfolio (ETF) PIN dropped 0.80 percent to close at $19.72.

US stock markets closed mostly lower on Monday, with the Dow Jones Industrial Average gaining 0.20 percent, the S&P500 index dropping 0.11 per cent, and the Nasdaq Composite falling 0.59 percent.

US WTI crude futures on the NYMEX dropped 0.36 percent to trade at $52.64 per barrel.

Top market movers among the BSE index are as follows

• Terai Tea Company Ltd. shares gained around 18 percent to 62.55 INR.
• Panchsheel Organics Ltd. rose about 18 percent to 124.80 INR.
• Mandhana Industries Ltd. rose 18 percent to 30.30 INR.
• Nahar Industrial Enterprises Ltd. shares surged 16 percent to 114.30 INR.

• Delta Industrial Resources Ltd. shares dropped around 11 percent to 35.50 INR.
• Sadhana Nitro Chem Ltd. fell around 11 percent to 28.00 INR.
• Sree Sakthi Paper Mills Ltd. tumbled 9 percent to 7.59 INR.
• JRI Industries & Infrastructure Ltd. shares declined 8 percent to 2.35 INR.