Equity benchmark indices are trading off day's high and are in a consolidation range.
At noon, the 30-share index was trading 0.42 per cent higher at 37,893, and the NSE Nifty 0.36 per cent to 11,194.
The Nifty Smallcap index is trading up 0.9 per cent and Midcap index trade unchanged. Nifty Realty index is up 1.69 per cent and remains the top sectoral gainer. Other gainers include Nifty IT index rising up to 1 per cent.
The laggard in the indices includes Nifty Media, Nifty Metal, Nifty Pharma and Nifty PSU Bank indices declining between 0.5 per cent to 1.5 per cent.
Reliance Industries was the top gainer in the Sensex pack, rallying around 2 per cent after it announced that global investment firm KKR would invest ₹5,550 crore in its subsidiary Reliance Retail Ventures to pick 1.28 per cent equity stake.
Meanwhile, exchange data showed that foreign institutional investors sold equities worth ₹2,072.76 crore on a net basis on Tuesday.
According to traders, rebound in US equities in the overnight session, mostly positive cues from Asian peers and fresh attempts to ease India-China border tension enthused domestic investors.
In a move to bring down tensions in eastern Ladakh, India and China on Tuesday agreed to stop sending more troops to the frontline, refrain from unilaterally changing the situation on the ground and avoid taking any actions that may further complicate matters.