Indian shares opened higher on Tuesday, led by banks, after top private lender HDFC Bank NSE:HDFCBANK announced changes in its top management, while the easing Middle East conflict kept crude prices in check, supporting the sentiment.
Both benchmarks Nifty 50 NSE:NIFTY and the BSE Sensex BSE:SENSEX edged 0.36% higher at 24,032.05 and 77,005.51, respectively, as of 9:15 a.m. IST.
Ten of the 16 major sectors advanced. Banks NSE:BANKNIFTY gained 0.5%, led by 0.9% rise in HDFC Bank after the lender appointed former Finance Secretary and ex-Chief Election Commissioner Rajiv Kumar as its part-time chairman on Monday.
HDFC Bank also named Puneet Sharma as its CFO, effective December 1, 2026. Sharma has spent more than six years as CFO at Axis Bank NSE:AXISBANK.
Asian markets advanced after Wall Street equities closed higher overnight, helped by a rebound in technology shares following a sharp sell-off last week amid concerns over AI valuations.
Brent crude ICEEUR:BRN1! remained below $73 a barrel, aiding the outlook for the world's third-largest oil importer, India.