The Indian indices opened higher on Tuesday despite renewed US-China trade tensions led by gains in banking and metal stocks.

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Meanwhile, Asian shares wallowed near five-week lows after the US President Donald Trump’s threat to raise tariffs. MSCI’s broadest index of Asia-Pacific shares outside Japan dropped as much as 0.2 percent to a five-week low. Japan’s Nikkei shed 1.1 percent to 22,006.58, taking a delayed hit after the country’s financial markets opened after a 10-day market break

At 9:20 AM, the Sensex was up 149 points at 38,750, and the Nifty50 was trading 41 points higher at 11,639.

Yes Bank, Bharti Infratel, Zee, Bharti Airtel, and Tata Motors were among the major gainers on Nifty50, whereas BPCL, IOC, ONGC, Sun Pharma, and Reliance led the losses.

All sectoral indices gained in morning trade with metal and realty indices rising the most, up 0.8 percent each. Banking and FMCG indices also rose in early morning deals.

Marico gained 5 percent after the FMCG major posted over two-fold increase in consolidated net profit at Rs 405 crore for the fourth quarter, aided by one-time write-back of tax provisions.

Bharti Airtel gained 1 percent after the telecom major's March-quarter net profit rose 29 percent as exceptional income gains and Africa business helped offset losses in India mobile services operations.

Nifty Metal recovered, up nearly 1 percent on value buying after falling over 2 percent in trade on Monday. JSPL, Vedanta, NMDC, and Hindalco gained between 1-1.5 percent.

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