Sensex extends gains to close nearly 1% higher

Indian shares rose for a third straight session on Tuesday and posted their highest close in more than five months, led by financials such as Housing Development Finance Corp (HDFC) and energy stocks including Reliance Industries Ltd.

The broader NSE Nifty gained 0.87 percent to 10,947.25, while the benchmark BSE Sensex rose 0.85 percent to 36,239.62. The NSE index posted its highest close since Feb. 1, while the BSE index marked its highest close since Jan. 29.

Reliance Industries climbed 2.9 percent, while HDFC rose 2 percent.

Tata Consultancy Services Ltd, which is due to report its quarterly results later in the day, closed 0.4 percent lower.