European shares crept higher, brushing off geopolitical tension, as attention turned to deal-making after Aveva’s tie-up with Schneider Electric.  France’s CAC, Germany’s DAX and Britain’s FTSE were up 0.3-0.6 percent.

BSE Sensex rose marginally on Tuesday, while the Nifty traded near 9,900. Here are the latest updates and developments from the markets

Indian shares recovered from the previous session’s fall to trade slightly higher on Tuesday, as investors bought into battered financials such as HDFC Bank and Kotak Mahindra Bank, but broader sentiment was cautious amid lingering concerns about the escalating North Korea crisis.

Asian shares were mostly defensive on North Korea worries though MSCI’s dollar-denominated index of Asia-Pacific shares outside Japan was up around 0.2% due to gains in Chinese equities. Japan’s Nikkei closed 0.6% lower. The US markets were shut on Monday on account of Labour Day.

In India, financials accounted for most of the gains. The Nifty Bank index rose as much as 0.6% after ending 0.8% lower in the previous session, but analysts warned sentiment was cautious overall.

“Markets are nervous and that is why they are not scaling new highs. There are a lot of inherent strengths whereby levels are not broken and markets continue to be in range bound mode,” said Vaishali Parekh, a research analyst with Prabhudas Lilladher Pvt Ltd. Both indexes had fallen around 0.6% each on Monday.

The Nifty Financial Services index climbed as much as 0.5% after closing 0.7% lower in the previous session. Among the top gainers on the Nifty 50, Tech Mahindra Ltd, Asian Paints Ltd and Ambuja Cements Ltd climbed between 1.7% and 3%, recovering well from Monday’s losses. Here are the latest updates and developments from the market.

12.50pm: BSE Sensex trades higher by 21 points, or 0.07%, to 31,724, while the Nifty 50 rises 4 points, or 0.04%, to 9,917.

12.30pm: Bajaj Auto, Reliance Industries Ltd (RIL) and Asian Paints are major gainers with gains to the tune of 1.32%, 0.91%, and 0.69%, respectively.

11.35am: New Delhi Television Ltd surged for third sessions and added over 52% in this period. The stock was trading at Rs54.10 on BSE, up 14% from previous close. So far this year it declined 25%.

11.00am: BSE consumer durables index rose by 1.42%, BSE realty index rose by 1.05%, whereas BSE telecom index fell by 1.14%.

source: livemint.com