The market sentiment was also boosted after the RBI's optimistic statement, saying the economy is likely to grow at 7.6 percent in FY17, though it quashed hopes of further repo rate cut in its annual report yesterday.
Bajaj Auto, Maruti, GAIL, ICICI Bank and Sun Pharma are top gainers while Bharti Airtel and BHEL are top losers in the Sensex.
Kolhapur-headquartered RBL Bank is going to list its equity shares on exchanges on August 31 after overwhelming response to the issue closed last week. It has fixed issue price at higher end of price band of Rs 224-225 per share.
Maruti Suzuki, Bajaj Auto, Sun Pharma, GAIL, Tech Mahindra, Grasim Industries and Bosch topped the buying list, up 2-3 percent.
Bajaj Auto, Maruti Suzuki, GAIL, ICICI Bank and HUL are top gainers while Bahrti Airtel, BHEL, Coal India, Dr Reddy's Labs and NTPC are losers in the Sensex.
"Sideways range has formed support at 8,547-8,565 and resistance at 8,747.8,760," Laurence Balanco of CLSA says.
ICICI Bank, Tata Steel, Adani Ports, GAIL and Tata Motors are gainers while Bharti is loser.
Reliance Industries, ICICI Bank and Tata Motors contributed more than 80 percent to index gains.
Tata Motors, Reliance, Hero MotoCorp, Adani Ports and ICICI Bank were gainers while Wipro, Lupin, HDFC Bank, Bharti Airtel and Asian Paints were losers in the Sensex.
The market is still under pressure as the Sensex is down 12.74 points at 27769.51. The Nifty is down 6.40 points at 8566.15. About 1075 shares have advanced, 1400 shares declined, and 196 shares are unchanged.
Multi-format retailer Future Retail shares are locked at 5 percent upper circuit at Rs 161.05. Retail business of the Future Group has been merged with Bharti Retail and then changed the name to Future Retail.
The market continues its struggle with the Sensex up 4.20 points at 27786.45. The Nifty is down 2.50 points at 8570.05. About 1003 shares advanced, 1147 shares declined, and 146 shares are unchanged.
TCS, Adani Ports and Wipro were top losers on the Sensex, falling 2 percent each while Tata Motors topped the buying list again, up 4 percent as brokerage houses raised target price on the stock after Q1 earnings.
Tata Motors, LT, Cipla, Sun Pharma and Asian Paints are top gainers while Adani Ports, Lupin, Bharti, SBI and Axis are losers in the Sensex.
After consolidation, equity benchmarks closed marginally lower on Friday as investors remained cautious and avoided taking big risk ahead of the speech by Federal Reserve chief Janet Yellen at Jackson Hole later today.
CNBC-TV18's Varinder Bansal lists some of the key stocks which were buzzing in trade today.
"This partnership is aimed at building trust-worthy data foundations to help joint customers derive accurate insights as they embrace digital transformation," the IT services provider said.
Here are a few top buzzing midcap stocks picked by CNBC-TV18's analysts in trade today. We have - Whirlpool, Bharat Financial, GMDC, TD Power, J Kumar Infraprojects, Bharti Airtel, and Nirvikara Paper Mills.
J Kumar Infraprojects shares shed nearly 4 percent intraday Tuesday after sources told CNBC-TV18 that Income Tax Department today conducted searches in company's offices.
Shares of Artson Engineering rose 9 percent intraday Tuesday as it has received a Letter of Award (LoA) from Mumbai Aviation Fuel Farm Facility (MAFFFPL) worth of Rs 24.43 crore.
The company has approved a proposal of buyback of its equity shares upto Rs 234 crore, subject to approval of the shareholders, at a price not exceeding Rs 2200 per share.
"...has obtained a patent related to the process for manufacturing 2-Hydroxy-3, 5-Diiodobenzoic acid granted by the Government of India," the speciality chemicals and veterinary APIs manufacturer said.
The company is going to supply 45 railway application generators to a multi-national company, which will be install in North America.
The contract is for design, fabrication, erection and testing of five fixed cone roof storage tanks.
On August 29, 2016 Oswal Greentech Ltd. sold 62,85,000 shares of NDTV at Rs 81.
Indian ADRs ended mixed on Monday. ICICI Bank gained 2.45 percent and Wipro shed 1.74 percent.
Fall in rubber prices positive is for tyre makers as natural rubber accounts for 40 percent of raw material cost for tyre manufacturers. Every rupee fall in the rubber prices impacts profitability of the industry positively by Rs 60 crore.
Apollo Tyres shares rallied 5 percent intraday Monday after the scheme of Amalgamation of Apollo (Mauritius) Holdings (AMHPL) with the company was sanctioned by the Honourable High Court of Kerala on August 26.
Shares of Duke Offshore has locked at 20 percent upper circuit as it has secured a contract from Indian Navy to provide 2 fast interceptor crafts (FICs), on the East Coast of India.