Indian shares gained for a second consecutive session on Tuesday, with the NSE Nifty hitting its highest in nearly 11 months, on the back of encouraging U.S. data and expectations of further monetary stimulus from global policymakers.

 

The broader NSE Nifty ended up 0.63 percent at 8,521.05, after earlier reaching its highest level since Aug. 17, while the benchmark BSE Sensex closed 0.66 percent higher at 27,808.14.

 

In the 50-share index, Tata Steel, ICICI Bank, Hindalco, Axis Bank and Maruti Suzuki gained between 2.10 per cent and 5.04 per cent. On the other hand, Tata Power, BPCL, Cipla, Coal India and Bank of Baroda dipped between 1.10 per cent and 1.84 per cent.