By IANS,
Mumbai : Key Indian stock indices moved up Tuesday after signs of a rapprochement in sight between the DMK, a key ally of the United Progressive Alliance (UPA) government, and its principal constituent, the Congress.
The 30-share sensitive index (Sensex) of the Bombay Stock Exchange (BSE) opened higher at 18,222.67 points against the previous close at 18,222.67 points and moved up higher to 18,455.76 points. Some 90 minutes into trading, it was ruling at 18,378.19 points.
At this level, the key index was up 155.52 points, or 0.85 percent.
The situation was similar at the National Stock Exchange (NSE) where the S&P CNX Nifty was quoted at 5502.20 points, with a gain of 39.05 points, or 0.71 percent, data available with the bourse showed.
Significantly at the BSE, all 13 sector-specific indices were ruling in the green, though among the 30 sensex stocks, while 27 were in the positive territory, three others were in the red.
The Sensex had dipped 264 points Monday on soaring crude oil prices and concerns of political uncertainty after the DMK decided to withdraw its six ministers from Prime Minister Manmohan Singh government.
The DMK, a southern ally of the ruling coalition, had said Saturday it was also mulling only issue-based support to the UPA, saying there was a failure in seat-sharing talks with the Congress for the April 13 assembly polls in Tamil Nadu.