Sensex trades higher, Nifty above 11,550

The domestic stock market indices rose over half a per cent in Tuesday's early deals, on firm global cues.

Sensex gained 300 points to 39,270 levels and the Nifty50 index reclaimed the 11,600 mark. HDFC and IndusInd bank gained 5 per cent and 3 per cent, respectively, after posting business updates.

Indian rupee erased early gains and trading lower at 73.44 per dollar, amid buying seen in the domestic equity market.

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It opened 13 paise higher at 73.16 per dollar against previous close of 73.29.

(With inputs from agencies)