Easing US-China trade-tensions and RBI's decision to transfer Rs.1.76-lakh-crore of surplus funds to the government aided the Indian equity indices to close higher on Tuesday. The RBI decided it will transfer the funds as recommended by the Bimal Jalan committee on the ECF. The Sensex closed at 37,641.27, higher by 147.15-points or 0.39% while the Nifty settled at 47.50-points or 0.43% higher at 11,105.35.

Equity benchmark indices Sensex and Nifty extended their decline for the 2nd-day on Friday as markets witnessed a sharp sell-off aided by auto, NBFC and PSU bank-stocks. Asian Development Bank lowered India's GDP growth-forecast to 7% for the current year on the back of fiscal-shortfall-concerns. BSE Sensex closed 560.45-points, or 1.44%, lower at 38,337.01. While NSE Nifty ended at 11,419.25, down 177.65-points or 1.53%.

Overseas investors have pumped in a net sum of Rs 11,012 crore into the Indian capital markets in April so far amid easing liquidity conditions globally. Foreign portfolio investors (FPI) were net buyers for the previous two months as well, infusing a net amount of Rs 11,182 crore in February and Rs 45,981 crore in March 2019.