Equity indices edge higher as banking and metal stocks spurt

Equity benchmark indices traded with a positive bias on Tuesday as shares of private banks and metals advanced.

The BSE S-P Sensex closed 225 points or 0.59 per cent higher at 38,407 while the Nifty 50 gained by 52 points or 0.46 per cent at 11,323.

Most sectoral indices at the National Stock Exchange were in the green with Nifty private bank and metal gaining by 1.6 per cent each and financial service by 1 per cent.

But Nifty pharma dipped by 1.4 per cent and IT by 0.5 per cent.