Reuters Market Eye - The BSE Sensex is up 0.27 percent while the Nifty gains 0.2 percent.
Tata Motors (TAMO.NS) gains 1.9 percent, up for a fourth day, after stronger-than-expected November sales at Jaguar Land Rover (JLR) reduced concerns about the outlook for the key unit of the Indian auto maker.
Sun Pharmaceutical Industries (SUN.NS) gains 2 percent after it said on Monday Caraco Pharmaceutical Laboratories Ltd. (Caraco), its wholly-owned subsidiary, has acquired URL generic business from Takeda Pharmaceutical Company (4502.T).
Caution also prevails ahead of the RBI policy review. India's central bank is expected to keep interest rates on hold.
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There is a better than even chance that the Reserve Bank of India (RBI) will cut interest rates at its policy meeting on Sept. 29 thanks to inflation striking a record low, according to a Reuters poll, marking a shift in expectations from earlier. Full Article | Related Story