Sensex snaps losing run as Reliance Industries leads gains

Indian shares snapped two-day losing streak to close higher on Tuesday, led by index heavyweight Reliance Industries Ltd and steel stocks such as JSW Steel Ltd.

The shares dilly-dallied between lows and highs during the day as investors took caution ahead of the release of the new federal budget due next week and the upcoming meeting between U.S. President Donald Trump and Chinese President Xi Jinping.

The broader NSE Nifty closed up 0.83% at 11,796.45, while the benchmark BSE Sensex ended 0.8% higher at 39,434.94.

Reliance Industries ended 2.7% higher, while JSW Steel added 3.6%.