MUMBAI: Equities extended overnight gains Tuesday as investor sentiment across global markets turned bullish. Expectations from the upcoming domestic earnings season will also help elevate the market mood.

“US markets gained about half a percent yesterday as weakness in dollar propelled mining and energy stocks. Dollar index slipped around half a percent as euro strengthened on news of another successful bond sale by debt-laden Greece.

Our markets continued their winning streak for the fourth consecutive day by putting on four tenth of a percent in yesterday’s trade.

While the trend remains positive, caution is advised in light of a 13.4% surge in Nifty since 8th Feb and negative divergence on the daily chart. Keep trailing the stop losses in long positions. 5242, yesterday’s low, is the immediate support in Nifty while 5350 followed by 5450 are the possible targets on the upside,” said Anagram Stock Broking note.

At 9:10 am, National Stock Exchange’s Nifty was at 5310.90, up 8.05 points or 0.15 per cent. It touched a high of 5325 and low of 5302.95 in early trade.

Bombay Stock Exchange’s Sensex was at 17736.49, up 25.14 points or 0.14 per cent. The 30-share index hit a high of 17782.37 and low of 17703.67 in trade so far.

BSE Midcap Index was up 0.47 per cent and BSE Smallcap Index moved 0.84 per cent higher.

Amongst the sectoral indices, BSE Auto Index was up 0.93 per cent, BSE Realty Index gained 0.78 per cent and BSE Metal Index advanced 0.71 per cent. BSE IT Index was down 1.23 per cent.

M&M (2.18%), Tata Power (1.91%), ACC (1.60%), Unitech (1.38%) and Ranbaxy Laboratories (1.28%) were amongst the top Nifty gainers.

TCS (-1.64%), Infosys Technologies (-1.42%0, HCL Tech (-1.19%), HDFC Bank (-0.95%) and BPCL (-0.84%) led the decline.

US stocks rose on Monday as miners and energy companies advanced on dollar weakness and investors bought recent high fliers as the quarter's end approached. The Dow Jones Industrial Average rose 45.50 points, or 0.42 percent, to 10,895.86, its highest close since September 2008. The Standard & Poor's 500 Index climbed 6.63 points, or 0.57 percent, to 1,173.22. The Nasdaq Composite Index jumped 9.23 points, or 0.39 percent, to 2,404.36.

Asian stocks were also on the rise Tuesday on the back of increased US spending and consumer confidence in Europe. The Nikkei climbed 0.47 per cent, Hang Seng advanced 0.54 per cent and Taiwan Weighted inched 0.13 per cent higher.