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Sensex, Nifty gain as oil tumbles amid caution over West Asia
Photo Credit: Reuters

Indian shares closed higher on Tuesday as crude prices slipped from their peaks, while investors remained cautious of any fresh escalation in US-Iran standoff.

The Nifty 50 ended 0.50% higher at 12,052.95, while the benchmark S&P BSE Sensex closed up 0.47% at 40,869.47. Both the indexes had gained as much as 1.1% earlier in the session.

Vedanta Ltd led gains on the Nifty, closing 3.62% higher, while Bharti Infratel Ltd ended 1.85% lower, becoming the biggest loser on the index.

"We do not have much clarity again from US-Iran issues, there is still uncertainty staying as a cloud," said Anand James, chief market strategist at Geojit Financial Services.

HDFC Bank Ltd closed up 1.58% higher. The lender had reported a 25% rise to Rs 10.68 trillion ($13.92 billion) in deposits for the quarter on Monday.

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