Indian Market:
Nifty closed above the 6,000 - a psychologically important level - for the first time in last 12 sessions, led by financial, metal, realty and select infrastructure companies' shares. The Sensex has seen 20,000 mark today at close for first time in last 24 sessions.
Lanco Infratech Ltd., an Indian energy and infrastructure firm that agreed to buy Australia's Griffin Coal Mining Co., aims to purchase more overseas assets as it seeks to boost power capacity sevenfold by 2015.
Russia and India agreed on Tuesday a long-awaited contract to jointly develop fifth generation fighter aircraft and signed a deal to expand capacity at an Indian nuclear power plant.
Global Cues:
Asian stocks rose as risk appetite improved after tensions eased on the Korean peninsula and on broad overnight gains on Wall Street. The key benchmark indices in Hong Kong, China, Japan, South Korea, Singapore, Taiwan, Malaysia and Indonesia were up by 0.12% to 0.89%.
European stocks climbed, extending a two-year high as China said it took concrete action to help Europe limit its sovereign-debt crisis. U.S. index futures and Asian shares rallied.
Moody's Investor Service warned on Tuesday it may downgrade debt-ridden Portugal's A1 rating by one or two notches after a review that will take up to three months, citing weak growth prospects and high borrowing costs.
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