Shares of IDBI Bank rose 8 percent on Tuesday on a media report that the Union Cabinet will soon consider a proposal to divest the government's 45.5 percent stake in the lender.

Sanjeev Prasad, Managing Director, Co-Head of Kotak Institutional Equities, has made some minor changes in the model portfolio. The shift is towards cyclicals at the expense of defensives.

The share price of Dr Reddy’s Laboratories gained over 3 percent in early trade on Tuesday after the Drug Controller General of India (DCGI) approved restricted emergency use of Russian COVID-19 vaccine ‘Sputnik V’ in India.

Gold prices in India traded flat on the Multi Commodity Exchange (MCX) Tuesday tracking a muted trend in the international spot prices as the dollar rebounded. Silver prices gained. At 11:25 am, gold futures for June delivery rose 0.09 percent to Rs 46,460 per 10 grams as against the previous close of Rs 46,419 and the opening price of Rs 46,450 on the MCX. Silver futures traded 0.22 percent higher at Rs 66,272 per kg. The prices opened at Rs 66,247 as compared to the previous close of Rs 66,128 per kg.