Sensex, Nifty Log Record Highs

Indian shares opened higher on Tuesday, with key indexes Sensex and the Nifty logging record highs in early trade despite muted global cues.

The benchmark 30-share BSE Sensex climbed 265 points, or half a percent, to 52,816, while the broader NSE Nifty index was up 75 points, or half a percent, at 15,886.

Coal India dropped half a percent after reporting a marginal fall in Q4 profit.

Indian Overseas Bank gained 1 percent as it posted two-fold jump in fourth-quarter profit.

Amara Raja Batteries jumped nearly 2 percent. The company said it would focus on new energy to capitalize on emerging opportunities.

Adani Group stocks were mostly lower despite a clarification from NSDL that the status of demat accounts of three foreign portfolio investors accounts - Albula Investment Fund, Cresta Fund and APMS Investment Fund - are in 'active' status in NSDL system.

HCL Technologies advanced 0.7 percent. The company has appointed former Accenture executive Siki Giunta to further accelerate its cloud consulting and offerings in client markets.

Jubilant FoodWorks, Power Finance Corporation and LIC Housing Finance were seeing modest gains before unveiling their earnings results.

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