Stocks trade in green; SENSEX up by 609 points, NIFTY at 9,972

Equity benchmark indices rose during early hours on Tuesday tracking positive cues from other Asian markets and overnight gains in the United States and Europe.

The US Federal Reserve's corporate bond-buying programme a day earlier boosted hopes of liquidity in domestic markets and outweighed fears of a resurgence in coronavirus cases worldwide.

At 10:15 am, the BSE S&P Sensex was up by 609 points or 1.83% at 33,837 while the Nifty 50 edged higher by 159 points or 1.62% at 9,972.

All sectoral indices at the National Stock Exchange were in the positive zone with Nifty metal and private bank gaining by 2.8% each, PSU bank by 2.2%, financial service by 3.1% and realty by 2.5%.

Among stocks, metal major JSW Steel rose by 4.5% to Rs 192 per share while Tata Steel rose by 4.4% to Rs 319.70 per share and Hindalco by 3.2%.

Private lenders also witnessed heavy buying with ICICI Bank gaining by 3.8%, HDFC Bank by 3% and Kotak Mahindra Bank by 2.4%.

Home loan lender was up by 3.9%, Bajaj Finance by 2.7% and IT major Infosys by 2.2%.

However, Bharti Infratel, Tata Motors, GAIL, and Tech Mahindra traded with a negative bias and thin margins.

Meanwhile, Asian stocks moved higher after the Fed tweaked its bond-buying programme to support financial markets through the coronavirus pandemic. MSCI`s broadest index of Asia Pacific shares outside Japan rose by 2.2%, its biggest one-day gain since June 1.

Shares in China rose by 1.2% while Japan's Nikkei jumped by 3.66% and Hong Kong's Hang Seng index by 2.95%.

South Korea's Kospi too spurted by 4.13%.