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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India's economic growth picked up in July-September, outpacing China on improving domestic demand and manufacturing activity, and the acceleration could persuade the country's central bank to keep interest rates unchanged at its Tuesday meeting. Full Article