India shares opened at fresh record highs on Tuesday, driven by sustained overseas inflows after positive earnings and the government's efforts to contain fiscal deficit target.
Risk appetite got a lift on news reports that the government is mulling 100 percent foreign direct investment in the banking sector.
At 0610 GMT, the S&P BSE Sensex added 0.61 percent at 36,016 while the broader NSE Nifty advanced 0.69 percent to 11,042.
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Among the top Sensex gainers, Tata Steel rose 3.6 percent, Reliance Industries gained 1.5 percent, Infosys added 2.1 percent while State Bank of India was up 1.8 percent.
Hathway Cable & Datacom climbed 5 percent after a block deal. Around 3 million shares of the company changed hands in 2 block deals, Bloomberg reported.
Kalpataru Power Transmission advanced 10 percent after the company said it won order worth Rs. 871 crore.
But Rallies India lost 5 percent after the company posted 24 percent decline in its net profit for the quarter ended December 31.
Market breadth was in the favor of gainers, with about 2 stocks advancing to every 1 stock that declined.
Meanwhile, Asian shares advanced, in line with global equity markets following a deal to end a U.S. government shutdown.
MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.7 percent to a fresh record peak. Australian stocks climbed 0.7 percent and South Korea's KOSPI added 1 percent. Japan's Nikkei was 1.1 percent higher, Reuters data showed.
